IRS Extends Affordable Care Act Reporting Deadline, Greatland Advises Businesses Not to Wait: “File When Ready”
Greatland is advising employers to take note of the extensions, but to continue preparations as if the deadline had not been extended, in order to better ensure compliance and avoid penalties. Greatland was one of the first companies in the nation to become
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This is the second year that employers and insurers must file Form 1095 to remain in compliance. Though the extension has been issued,
"While we expect this deadline change to have minimal impact to the far majority of our customers, we still are encouraging businesses to not wait until the last minute, which can lead to mistakes or missing the deadline, event with the extension," said
Important notes about the deadline extension:
- ACA Reporting is still required for 2016
- The good faith transition relief from 2015 has been extended for 2016
- The ACA Reporting requirements for 2016 have not changed
The
Greatland offers an abundance of resources to protect your business from penalties and help you understand how to remain in compliance for tax year 2016. If you need further help or filing resources, visit Greatland's website.
About Greatland
Greatland (www.greatland.com) is the W-2 and 1099 specialist, focused on providing information, products, and solutions for small to mid-size businesses and accountants. Greatland helps customers navigate annual reporting changes, including extensive expertise about ACA reporting. Through Greatland's subsidiaries – Greatland, Nelco, and Broker Forms – the company offers an extensive array of specialized products for businesses: W-2 forms, 1099 forms, 1095 forms, , business checks, presentation materials, income tax preparation supplies, and mortgage forms. Greatland also offers Yearli, a comprehensive W-2, 1099, and 1095 reporting software and online filing platform. Greatland is an employee-owned company with locations in
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