What Does The 2016 Election Mean for ACA?
November 15, 2016
OSHA Final Rule on Slip, Trip, & Fall Protection
November 29, 2016
On Nov. 18, 2016, the Internal Revenue Service issued Notice 2016-70, which provides certain extensions related to Affordable Care Act reporting for 2016.
Specifically, this notice:
- Extends the due date for furnishing forms to individuals under Sections 6055 and 6056 from Jan. 31, 2017, to March 2, 2017.
- Extends good-faith transition relief from penalties related to 2016 information reporting under Sections 6055 and 6056.
Note: The due dates for filing forms with the IRS for 2016 are not affected by this guidance. The due date for filing with the IRS under Sections 6055 and 6056 remains Feb. 28, 2017 (March 31, 2017, if filing electronically).
Despite the extension, we encourage employers to furnish 2016 statements to individuals as soon as they are able.