Employers and coverage providers have more time to furnish healt - KAIT Jonesboro, AR - Region 8 News, weather, sports

Employers and coverage providers have more time to furnish health coverage forms to individuals

© iStockphoto.com / Karen Roach © iStockphoto.com / Karen Roach

From IRS.gov

The IRS extended the 2018 due date for certain employers and health coverage providers to furnish 2017 health coverage information forms to individuals.   The following organizations now have until March 2, 2018, to provide Forms 1095-B or 1095-C to individuals:
 

Insurers.

Self-insuring employers.

Other coverage providers.

Applicable large employers.

The March 2 date is a 30-day extension from the original due date of Jan. 31.  

These organizations must furnish statements to employees or covered individuals. The statements have information about the health care coverage offered or provided to the employees or covered individuals. The recipients may use this information to determine if they can claim the premium tax credit on their individual income tax returns.

This 30-day extension is automatic. Employers and providers don’t have to request it. The due dates for filing 2017 information returns with the IRS are not extended. For 2018, the due dates to file information returns with the IRS are:
 

Feb. 28 for paper filers.

April 2 for electronic filers.

Because of these extensions, individuals may not receive their Forms 1095-B or 1095-C by the time they are ready to file their 2017 individual income tax return. While information on these forms may assist in preparing a return, taxpayers are not required to have these forms to file. Taxpayers can prepare and file their returns using other information about their health coverage. Taxpayers do not have to wait for Forms 1095-B or 1095-C to file.

Remember that all of the web page addresses for the official IRS website, IRS.gov, begin with http://www.irs.gov. Don' t be confused or misled by Internet sites that end in .com, .net, .org or other designations instead of .gov. The address of the official IRS governmental Web site is http://www.irs.gov/.

*DISCLAIMER*: The information contained in or provided through this site section is intended for general consumer understanding and education only and is not intended to be and is not a substitute for professional advice. Use of this site section and any information contained on or provided through this site section is at your own risk and any information contained on or provided through this site section is provided on an "as is" basis without any representations or warranties.
INFORMATIONAL DISCLAIMER The information contained on or provided through this site is intended for general consumer understanding and education only and is not intended to be and is not a substitute for professional financial or accounting advice. Always seek the advice of your accountant or other qualified personal finance advisor for answers to any related questions you may have. Use of this site and any information contained on or provided through this site is at your own risk and any information contained on or provided through this site is provided on an "as is" basis without any representations or warranties.
Powered by Frankly