The IRS issued Notice 2018-06 on Dec. 22, 2017, which extended by 30 days the 2018 due date for distributing 2017 health coverage information forms 1095-C or 1095-B to employees, regarding the health care coverage offered to them.

The new deadline for supplying these forms to employees is March 2, 2018. This 30-day extension is automatic. Employers and providers don’t have to request it.

The due dates for filing 2017 information returns with the IRS were not extended, however. For 2018, the due dates to file information returns with the IRS remain Feb. 28 for paper filers or April 2 for electronic filers.

Notice 2018-6 also extended good-faith transition relief to 2017 information reporting. This relief applies only to incorrect and incomplete information reported on Form 1095-C or 1095-B, and not to a failure to timely furnish or file the forms.

Below are links to the final forms and instructions on the IRS website:

• Form 1095-B, Health Coverage.
• Form 1094-B, Transmittal form accompanying Form 1095-B information returns.
• Form 1095-C, Employer-Provided Health Insurance Offer and Coverage.
• Form 1094-C, Transmittal form accompanying Form 1095-C information returns.
• Instructions for Forms 1094-B and 1095-B.
• Instructions for Forms 1094-C and 1095-C.

The IRS had released draft versions of these forms and instructions in September.

The instructions to the Forms 1094-C and 1095-C were released with a few changes:

• Form 1094-C: A box in Line 22 called “Section 4980H Transition Relief” has been removed. It is not applicable in 2017.

• Forms 1095-B and 1095-C: A paragraph called “Additional information” in the instructions for recipients directs individuals to an IRS webpage providing information on the individual and employer shared-responsibility provisions and premium tax credits.

When deciding how much life insurance a person needs, Financial Planners recommend an amount of 7 to 10 times your annual income.

But what if you don’t have any annual income? What if you are a full-time, stay at home spouse and parent? Do you need a life insurance policy if you have no income?

Well, in a way, yes. In fact, as a stay at home spouse or parent, you make hugely valuable contributions to the household. Contributions that could cost thousands should something happen to you.

According to a recent Salary.com survey in 2016, the value of a stay at home parent would be about $143,000 if you had to outsource those jobs. These services include those provided by a typical homemaker which include a housekeeper, child care, a driver for the kids, and more.

But how much does this stay at home spouse or parent need for life insurance? $1,000,000? Probably not. Use the following as a guide.