The IRS has issued transition relief for 2020 related to health coverage reporting required by the Affordable Care Act. In Notice 2020-76, the IRS extended due dates for certain 2020 information reporting requirements for insurers, self-insuring employers, certain other providers of minimum essential coverage and applicable large employers. It also announced that it won’t impose a penalty against reporting entities for failing to furnish a 2020 Form 1095-B, “Health Coverage” to responsible individuals if certain conditions are met. Finally, it extended transitional good-faith relief from penalties to the 2020 information reporting requirements. Click here for more information. For questions, contact the Cg Team. © 2020
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