Irs Section 6056

This notice also provides relief from the section.

Irs section 6056. Information regarding health insurance coverage. 6056 for 2020. The affordable care act also known as obamacare requires certain employers to either offer health insurance coverage to their employees or pay a penalty.

This notice extends the due date for certain 2020 information reporting requirements under sections 6055 and 6056 of the internal revenue code code from january 31 2021 to march 2 2021. Certain employers required to report on health insurance coverage. Section 6056 requires an applicable large employer subject to the requirements of section 4980h to report certain health insurance coverage information to the internal revenue service and to furnish certain related employee statements to its full time employees.

An applicable large employer member required by 301 6056 1 to furnish a statement furnisher to a full time employee a recipient as required by section 6056 may furnish the section 6056 employee statement the statement in an electronic format in lieu of a paper format provided that the furnisher meets the requirements of paragraphs a 2 through a 6 of this section. The regulations under section 6056 require every applicable large employer or a member of an aggregated group that is determined to be an applicable large employer ale member to file with the service an information return and a transmittal on or.