While BAS has transmitted all of its ACA clients’ 1094 Forms to the IRS, the Service recognizes that some employers may not have been as timely. Therefore, the IRS has announced that employers who missed the June 30, 2016 transmission deadline should continue to file when their forms are ready. Employers will not be penalized for late filings if they made “legitimate efforts” to register and file their ACA forms. To take advantage of this relief, employers still must file as soon as possible.
The IRS also announced that filings accepted “with errors” will have 60 days to correct and re-submit the forms to be considered timely.
Applicable Large Employers and employers with self-funded health plans should review their ACA compliance obligations to make sure all 1095/1094 forms have been properly furnished and filed for the 2015 calendar year.