IRS Provides Guidance on Mandatory Reporting of the Value of Health Coverage on 2012 Forms W-2

HRS Insight
The IRS has provided guidance on reporting the value of employer-provided health care, which will be required to be provided to employees for the first time on 2012 Forms W-2, generally required to be furnished to employees by the end of January 2013. The value to be reported is based on the COBRA costs for the applicable coverage. All employers are generally required to report, but the IRS has provided some exemptions in transition relief, including one for small employers, those who filed fewer than 250 Forms W-2 in 2011. Such employers are not required to report the value of employer-provided health care for 2012.


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