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IRS Provides Transition Relief for 2020 ACA Reporting

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IRS Provides Transition Relief for 2020 ACA Reporting

  • Legal & Legislative, Members News & Insights

On Oct. 2, 2020, the Internal Revenue Service (IRS) issued Notice 2020-76 to:Extend the due date for furnishing forms under Sections 6055 and 6056 for 2020 from Feb. 1, 2021, to March 2, 2021; and Provide a final extension of good-faith transition relief from penalties related to 2020 information reporting under Sections 6055 and 6056; and Provide additional penalty […]

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