On Nov. 18, 2016, the IRS issued Notice 2016-70, which extended the 2016 deadline for furnishing statements to individuals under Sections 6055 and 6056. Notice 2016-70 also extended good-faith relief from penalties for 2016 reporting. However, the notice does not extend the due date for filing forms with the IRS for 2016.
This ACA Bulletin outlines the new due date and additional guidance in this notice.
Please contact your Stellar representative with further questions regarding this notification.