The Internal Revenue Service (IRS) extended the due date for furnishing to individuals the 2017 Form 1095-B, Health Coverage, and the 2017 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2018, to March 2, 2018. This notice also extends good- faith transition relief from section 6721 and 6722 penalties to the 2017 information- reporting requirements under sections 6055 and 6056.
This information is useful to employees to determine whether, for each month of the calendar year, they may claim the premium tax credit on their income tax returns.
Because of these extensions, individuals may not receive their Forms 1095-B or 1095-C by the time they are ready to file their 2017 individual income tax return. While information on these forms may assist in preparing a return, the forms are not required to file.
Taxpayers can prepare and file their returns using other information about their health coverage received from their employer, such as their W-2 form, to show they had ACA-compliant health coverage during the year, the IRS pointed out.
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