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IRS Extends 2020 Deadline to Furnish 1095-B and 1095-C to Individuals

On October 2, the IRS issued Notice 2020-76 to announce it is extending the January 31 deadline to provide individuals with a copy of form 1095-B and/or 1095-C by 30 days.

This automatic 30-day extension does not require employers and issuers to take additional steps to request the extension. The deadlines to file the appropriate ACA reporting forms with the IRS remain unchanged.

ACA Reporting Form Original 2020 Deadline Extended 2020 Deadline
To Individual: 1095-B or 1095-C January 31, 2021 March 2, 2021
To IRS: 1094-B & 1095-B or 1094-C & 1095-C Paper: February 28, 2021; Electronic: March 31, 2021 No Extension

The IRS provided additional relief to entities required to distribute Form 1095-B. The IRS stated that it will not assess a penalty for failure to distribute Form 1095-B to participants in cases where the reporting entity meets the following requirements:

  1. Prominently place a notice on its website with an email address, physical address, and telephone number, where individuals can contact the entity to request a copy of the 1095-B; and
  2. The reporting entity provides a copy of the 1095-B within 30 days of the request.

Note:  Due to the extension, some individuals may not receive form 1095-B or 1095-C prior to filing their individual income tax return. However, while helpful in completing the individual income tax return, the forms are not required to complete the return, so individuals should not wait for the forms.