On November 18, 2016, the Internal Revenue Service (IRS) issued Notice 2016-70 to: extend the due date for furnishing forms under Sections 6055 and 6056 for 2016 for 30 days, from Jan. 31, 2017, to March 2, 2017; and extend good-faith transition relief from penalties related to 2016 information reporting under Sections 6055 and 6056.
Hartman is pleased to provide the following detail to support clients and brokers in their efforts to comply with these requirements: Compliance Update – 2016 furnishing deadline for ACA reporting
IRS 2016-70 can be found at: https://www.irs.gov/pub/irs-drop/n-16-70.pdf
Also, Hartman developed info prior to 11/18 to support clients, which is included below. Note that updates may be required, given the issuance of 2016-70.
Materials organized by Hartman prior to 11/18/16 for client review: