On Oct. 2, 2020, IRS Notice 2020-76 extended the due date for furnishing forms to individuals under Sections 6055 and 6056 for 2020 to March 2, 2021. This Notice also provides a final extension of good-faith transition relief from penalties related to 2020 ACA reporting, and provides additional penalty relief related to failures to furnish 2020 forms to individuals under Section 6055 only.

This ACA Compliance Bulletin provides an overview of the transition relief.