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ACA Reporting Still Due March 31 Despite Other COVID-19 Tax Delays

The Internal Revenue Service (IRS) recently announced that it is delaying the federal income tax due date from April 15, 2020, to July 15, 2020. In its announcement, the IRS stated that “this deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.”

The IRS previously provide relief from distributing 1095-Bs. Yet, for employers who may be struggling to complete and file its 1094-C and 1095-Cs amidst the chaos of COVID-19, the IRS has not yet issued similar relief from the looming March 31, 2020, ACA reporting deadline. Accordingly, applicable large employer should still plan to file its ACA reporting forms with the IRS no later than March 31, 2020.

Form To IRS Original Deadline To IRS Extended Deadline To Employee Original Deadline To Employee Extended Deadline
1094-C and 1095-C Feb. 28 (Paper)

Mar. 31

No Extension Jan. 31 Mar. 2
1094-B and 1095-B Feb. 28 (Paper)

Mar. 31

No Extension Jan. 31 Mar. 2

State Developments

On March 19, 2020, the New Jersey Department of Treasury announced an extension of its deadline for applicable providers to file the Form 1095 with the New Jersey Division of Taxation from March 31, 2020, to May 15, 2020.

For more information on evolving compliance regulations the wake of the COVID-19 pandemic, visit the  OneDigital Coronavirus Advisory Hub,  or reach out to your local OneDigital advisory team.

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