Healthcare Reform Update - December 27, 2017

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IRS Extends Deadline to Furnish Forms 1095-B and 1095-C to Individuals and Reintroduces Good Faith Relief

On December 22, 2017, the Internal Revenue Service (“IRS”) released Notice 2018-06, which impacts reporting under Internal Revenue Code (“Code”) Sections 6055 and 6056. Specifically, the guidance extends the deadline to furnish Forms 1095-B and 1095-C to individuals by 30 days from January 31, 2018 to March 2, 2018. Additionally, the IRS is providing relief from penalties for filing or furnishing incorrect or incomplete statements to entities who can show they have made a good faith effort to comply.


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