News alert: IRS extends deadline for 2020 Forms 1095-B and 1095-C

Today, Oct. 7, 2020, the Treasury Department and Internal Revenue Service (IRS) announced an extension of the due date for submitting 2020 Forms 1095-B and 1095-C from Jan. 31, 2021, to March 2, 2021. Under sections 6055 and 6056 of the Internal Revenue Code, employers, insurers and other providers must provide these forms, which include information returns and statements regarding the health insurance coverage they provide.

The Treasury and IRS made this decision after determining that a significant number of providers of minimum essential coverage need additional time beyond January to prepare the 2020 Forms 1095-B and 1095-C. Despite this extension, the Treasury and IRS encourage employers and other coverage providers to furnish 2020 information statements as soon as possible.

This notice does not extend the due date for filing 2020 Forms 1094-B, 1095-B, 1094-C or 1095-C.

Read the full IRS Notice 2020-76.

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