Important News:
Effective October 12th, The Treasury Department and the IRS determined healthcare cost reporting would be
optional for Forms W-2 issued for 2011. This is meant to give employers more time to adjust their payroll systems to meet new reporting requirements.
A draft Form W-2 has also been released by the IRS to assist employers in preparing their payroll systems. The
new form includes the codes employers can use to report the cost of coverage under an employer-sponsored group health plan.
Please keep in mind that although reporting the cost of coverage for 2011 is optional, the amounts are not taxable and will be used for informational purposes only.
For additional information, please visit the links below:
Click here to view the IRS News Release
Click here to download the draft Form W-2
Click here to download IRS notice Interim Relief with Respect to Form W-2 Reporting of the Cost of Coverage of Group Health Insurance Under § 6051(a)(14)
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