BORISLOW INSURANCE
Way Beyond Brokerage 

Due Date to File Paper Returns is May 31, 2016
Employers subject to the new Affordable Care Act (ACA) information reporting requirements are reminded that the deadlines for filing the first ACA information returns with the IRS are quickly approaching. The first reporting deadlines in 2016 are for the 2015 calendar year and were previously extended as follows:
  • Applicable large employers (ALEs) - generally those with 50 or more full-time employees, including full-time equivalents (FTEs)-must file Forms 1094-C and 1095-C with the IRS no later than May 31, 2016 (or June 30, 2016 if filing electronically)
  • Self-insuring employers that are not considered ALEs, and other parties that provide minimum essential health coverage, must file Forms 1094-B and 1095-B with the IRS no later than May 31, 2016 (or June 30, 2016 if filing electronically).
Employers and other coverage providers that do not comply with these extended due dates may be subject to penalties. As a reminder, reporting entities were also required to furnish employee/individual statements on or before March 31, 2016.
 
Electronic Filing Requirements
Reporting entities filing 250 or more Forms 1095-B or Forms 1095-C must electronically file them with the IRS. Additional information on electronic filing can be found on the IRS ACA Information Returns (AIR) Program webpage.

    
Borislow Insurance
One Griffin Brook Drive
Methuen, MA 01844
Contact Us
(978) 689-8200
www.borislow.com