Please note the following tax due dates on your calendar, and come back often to keep up with the changes.
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Extended Due Dates for Health Coverage Forms
For applicable insurers, self-insuring employers, other coverage providers and large employers, the due date to provide 2017 health coverage information forms in 2018 has been extended by 30 days. The deadline has been extended from the original date of January 31, 2018 to the new date of March 2, 2018.
Employers now have until March 2, 2018 to provide Forms 1095-B or 1095-C. Companies who are eligible must provide statements to their employees and covered individuals regarding the health care coverage and options provided to them. Individuals may use this information to determine whether they may claim the premium tax credit on their individual tax returns.
As a result of this extension, some individuals may not receive their Forms 1095-B or 1095-C in time to file their 2017 individual income tax return. Though the information on these forms may be helpful in preparing their tax return, the process can be completed without them. To file tax returns without Forms 1095-B or 1095-C, individuals can prepare and file their returns using alternate information about their health coverage.
Employers and providers do not have to apply for the automatic extension. While the health coverage information forms have been extended, the due dates for filing 2017 information returns with the IRS have not been. The due dates to file information returns with the IRS are:
If questions remain about the due date extension for health coverage forms issued to individual taxpayers in 2018, please call our office for more information.