ACA E-Filing Deadline Passed

Post by
July 1, 2016

June 30, 2016 was the deadline to file ACA information returns for the year 2015 with the IRS through the ACA Information Reporting (AIR) system. In a QuickAlerts Bulletin, the IRS reiterated that:

• The AIR system will continue to accept information returns filed after June 30, 2016.

• If transmissions or submissions were rejected by the AIR system, the filer has 60 days from the date of rejection to submit a replacement and have the rejected submission treated as timely filed.

• If the filer submitted and received “Accepted with Errors” messages, the entity may continue to submit corrections after June 30, 2016.

The IRS has publicly stated in recent months that a filer of Forms 1094-B, 1095-B, 1094-C and 1095-C that miss the AIR filing due date will avoid the late filing penalties under section 6721 if the filer has made legitimate efforts to register with the AIR system and to file its information returns, and it continues to make such efforts and completes the process as soon as possible.