ACA Good Faith Relief on 2017 Filing

In addition to the announcement of the automatic 30-day extension for supplying employees with 2017 Forms 1095-C (extended filing dates below), the IRS has also announced the extension of the "good faith effort" for 2017 filing. 

This means that any Applicable Large Employer (ALE) who may have filed incorrect Forms 1095-C or forms with missing information for 2017 may be excused from penalties.

Note, the good faith effort does NOT apply to employers who fail to file ACA reporting or who miss the upcoming deadlines for 2017 filing as listed below:

 

    Updated Filing Deadlines

 Form Provide to the Employee Paper Filing with IRS  Electronic Filing with IRS
1095-C March 2, 2018 February 28, 2018 April 2, 2018
1094-C N/A February 28, 2018 April 2, 2018

 

 

Electronic filing is the preferred option, and is mandatory for ALE's filing more than 250 Forms  1095-C. 

You can find the official notice here. The IRS also published a summary of the 30-day extension here and further information on the good faith relief under 'When to Report' here

 

 

 

 

 

 

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