The IRS has delayed the deadlines by which employers must furnish 2020 Forms 1095-C and 1095-B to employees. The furnishing deadline was February 1, 2021. However, the IRS has provided an additional 30 days for furnishing the 2020 Form 1095-B and Form 1095-C, extending the due date to March 2, 2021.
The IRS has announced that further extensions beyond this new due date will not be available, and the IRS will not be formally responding to extensions that have already been requested by reporting entities.
The deadline for filing Forms 1094-B, 1095-B, 1094-C or 1095-C with the IRS remains March 1, 2021, or March 31, 2021, if filing electronically. As a reminder, employers who are filing more than 250 of these reporting forms are required to file electronically.
The IRS has released final 2020 forms and instructions.
- 2020 Form 1094-B and Form 1095-B (and related instructions) will be used by providers of minimum essential coverage (MEC), including self-insured plan sponsors that are not ALEs.
- 2020 Form 1094-C and Form 1095-C (and related instructions) will be used by applicable large employers (ALEs), as well as for combined reporting by ALEs who sponsor self-insured plans.
The forms and instructions also include several changes and clarifications related to 2020 reporting.
Next Steps for Employers
The extension for filing Forms 1095-B or 1095-C to individuals is automatic. Employers and providers do not have to request it. The IRS will not grant an additional extension beyond this deadline, so employers must be prepared to provide these forms to employees by the due date.