IRS Finalizes Permanent ACA Information Reporting Extensions | Practical Law
The Internal Revenue Service (IRS) has finalized regulations that provide an automatic time extension for employers with self-funded health plans, health insurers, and certain other entities to provide individuals their Forms 1095-B, as required under the Affordable Care Act's (ACA's) information reporting rules. The final regulations include an alternative method for providing Forms 1095-B in certain situations. In addition, the final regulations provide an automatic extension for large employers to provide Forms 1095-C to their full-time employees. The final regulations adopt—with certain clarifying changes—proposed regulations addressing these topics, which were issued in December 2021.