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February 16, 2018

IRS Statement on Retroactive Extender Provisions
Taxpayers should file a 1040X

The IRS has issued the following statement in regard to the Bipartisan Budget Act of 2018:

The IRS is reviewing the legislation signed Feb. 9 that retroactively extended and modified numerous tax provisions covering 2017. We are assessing these significant changes in the tax law and beginning to determine next steps. The IRS will provide additional information as quickly as possible for affected taxpayers and the tax community.

Note: If a taxpayer has already filed and they are affected by an extender provision, they should file a 1040X even if it’s before the filing deadline. A second original return could be flagged as a fraudulent return — do not file a superseded return.

It is recommended that the taxpayer not file the 1040X until they receive their refund or their tax payment has been cleared as to not have anything get crossed in the mail.

2017 Forms 1095-B and 1095-C to Individuals
Due dates have been extended

The due dates for the 2017 information reporting requirements under I.R.C. §§ 6055 and 6056 have been extended.

The due date for furnishing the 2017 Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, to individuals has changed from Jan. 31, 2018, to March 2, 2018.

The due date for filing with the 2017 Form 1094-B, Transmittal of Health Coverage Information Returns, and Form 1095-B, and the 2017 Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, and Form 1095-C with the IRS remains unchanged. The due date is Feb. 28, 2018, and if filing electronically, the due date isApril 2, 2018.

As a result of these extensions, individuals might not receive a Form 1095-B or Form 1095-C by the time they file their 2017 tax returns. For more information, see Notice 2018-06.