IRS Notice 2016-70 Extended Due Date

John GarnerCompliance, Legislative Updates, Resources

Good news! IRS Notice 2016-70 has extended the due date for distributing Form 1095-C to employees by 30 days to March 2, 2017.  The extension only applies to Form 1095-C distribution and not to filing Form 1094-C with the IRS.  The notice also extends good-faith transition relief from penalties to the 2016 information reporting requirements.  The relief from penalties only applies to incomplete or inaccurate forms distributed or filed by the deadlines.