The IRS has announces an automatic extension of filing deadlines for certain 2015 information returns under the Affordable Care Act (ACA). The extension affects Code Sec. 6055 reporting by insurers, self-insuring employers and other providers of minimum essential coverage and Code Sec. 6056 reporting by applicable large employers (ALEs). The IRS also provided transition relief for individuals who may be impacted by the extension.

Take Away. “Employers, insurers, and other entities who were concerned about the deadlines may breathe a little easier because of the new guidance,” Edward Leeds, Counsel, Ballard Spahr LLP, Philadelphia, told Wolters Kluwer. “Those who were considering filing for an extension should not do so. However, it makes sense to remain diligent in meeting the requirements,” Leeds added.

Related Practice