On November 29, 2018 the IRS issued Notice 2018-94 which provides a limited extension of time for employers to provide 2018 Forms 1095-C to individuals. It also expands good-faith transition relief from certain penalties from the 2018 reporting year. The deadline to provide Forms 1094-C and 1095-C to the IRS was not extended. This is very similar to the relief extended last year for 2017 Forms 1095-C (Notice 2018-06).
2018 Forms 1095-C statements must be furnished to individuals by March 4, 2019 rather than January 31, 2019. This extension of time also applies to carries providing Forms 1095 to individuals in insured plans.
The 2018 Form 1094-C and all supporting Forms 1095 -C is due to the IRS by April 1, 2019 if filing electronically or February 28,2019 if filing by paper. These deadlines were not extended as part of the announced relief.
As a reminder, employers that file at least 250 Forms 1095-C must file electronically. The IRS encourages all filers o submit returns electronically.
Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.
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