Notice 2018-06 was released by the IRS on Friday, December 22, announcing that the 2018 reporting requirements for insurers and employers under Section 6055 and 6056 has been extended by 30 days. The notice extends the due date - from January 31, 2018 to March 2, 2018 - for furnishing to individuals the 2017 Form 1095-B, Health Coverage, and the 2017 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage. The 30-day extension is automatic and does not need to be requested.
Because of the extension granted under this notice, some individual taxpayers may not receive a Form 1095-B or Form 1095-C by the time they are ready to file their 2017 tax return. Taxpayers do not need to wait to receive Forms 1095-B and 1095-C before filing their returns. Individuals need not send the forms to the IRS when filing their returns, but they should keep them with their tax records in case they are requested.
The signing of the recent tax act eliminates the tax penalty to individuals going without health insurance coverage. It does not change the mandate that employers with 50 or more full-time equivalent employees must offer affordable health coverage that meets minimum essential value or the employers reporting obligations under the ACA.