ACA Form Deadlines for 2022
Thursday December 16th, 2021
Estimated time to read: 1 minute, 15 seconds
The holiday gifts arrive early for employers required to file and furnish 1094/1095 ACA Reporting forms. In early 2021, all signs pointed to no deadline extensions from the IRS for ACA 1094/1095 Reporting in 2022. The IRS just recently made a reversal in their original position, and issued a proposed rule for a permanent, automatic extension on the deadline to furnish employee forms. The IRS has also indicated employers may elect to utilize the extended timeframe for 2021 reporting due in 2022. Under the new proposed rule employers would be required to provide the 1095 “B” or “C” forms to employees or former employees no later than March 2nd of each year.
There will be no extension for required filing of the 1095 forms to the IRS. Filing on paper forms will still be due no later than February 28th, and electronic filing to the IRS must be completed my March 31st of each year. Additionally, the IRS has made it clear that Good-Faith Relief has ended and would not be applied for the 2021 filing year. It will be vitally important that employers file accurately and timely.
How does this affect my clients?
The proposal indicated employers may elect to utilize the extended timeframe for 2021 reporting due in 2022. Under the new proposed rule employers would be required to provide the 1095 “B” or “C” forms to employees or former employees no later than March 2nd of each year.
What do they need to know?
There will be no extension for required filing of the 1095 forms to the IRS. Filing on paper forms will still be due no later than February 28th, and electronic filing to the IRS must be completed my March 31st of each year. Additionally, the IRS has made it clear that Good-Faith Relief has ended and would not be applied for the 2021 filing year. It will be vitally important that employers file accurately and timely.
What are the Deadlines?
- 1095 forms delivered to employees | Jan. 31, 2022 (proposed automatic extension to March 2)
- Paper filing with IRS*| Feb. 28, 2022
- Electronic filing with IRS| March 31, 2022
*Employers that file 250 or more information returns with the IRS must file the returns electronically
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Bulletin Category: ACA, Compliance, Important Dates