N-2020-76: Transition Relief Related to Health Coverage Reporting Required by Sections 6055 and 6056 for 2020

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October 2, 2020

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Issue Number: N-2020-76

Inside This Issue

Notice 2020-76 extends the due dates under sections 6055 and 6056 from January 31, 2021, to March 2, 2021, for insurers, self-insuring employers, applicable large employers, and certain other providers of minimum essential coverage to furnish to individuals the 2020 Form 1095-B, Health Coverage, and the 2020 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage. Additionally, this notice provides that the IRS will not impose a penalty under section 6722 for failures to furnish a Form 1095-B to responsible individuals and also provides a final extension of transitional good-faith relief from section 6721 and 6722 penalties to the 2020 information reporting requirements under sections 6055 and 6056.

Notice 2020-76 will be in IRB: 2020-43, dated 10/19/20.

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