Phia Group Media


Phia Group Media

It’s Tax Time – Do You Know Your 6056 Deadlines?

By: Kelly Dempsey, Esq.

The tax season is officially upon us. Reporting requirements under ACA Section 6055 and 6056 are still in effect for the 2016 calendar year. For Applicable Large Employers (ALEs),  Forms 1094-C and 1095-C for the 2016 calendar year are required to be filed with the IRS by February 28, 2017 if filing on paper (March 31, 2017 if filing electronically).  The IRS did extend the due date for furnishing 1095-C forms to individuals from January 31, 2017, until March 2, 2017. Take note that transition relief for ALEs is limited, but affordability safe harbors are still applicable.

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