The IRS today released an advance version of Notice 2018-94 that provides additional time for certain entities to provide 2018 health coverage information forms to individuals.
Notice 2018-94 [PDF 33 KB] provides an extension—until March 4, 2019—for insurers, self-insuring employers, other coverage providers, and applicable large employers to provide Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, to individuals for 2018. The original due date was January 31.
The notice does not extend the due date for filing with the IRS the 2018 Forms 1094-B, 1095-B, 1094-C, or 1095-C—that due date remains February 28, 2019, if not filing electronically, or April 1, 2019, if filing electronically.
Notice 2018-94 also extends good-faith transition relief from section 6721 and 6722 penalties to the 2018 information-reporting requirements under sections 6055 and 6056.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.