Further guidance was recently provided clarifying the informational reporting requirements by employers on the costs of employer-provided health insurance. The Patient Protection and Affordable Care Act (PPACA) required employers to report the costs of employer-sponsored health insurance coverage on employee’s W-2 for tax years beginning after January 1, 2011. Additional relief was later provided extending the reporting requirement for another year, making reporting for 2011 optional.
Among other clarifications, Notice 2012-9 addresses which employers are subject to the reporting requirements. For 2012 and later, an employer is not subject to reporting health insurance costs if they filed fewer than 250 W-2s in the previous calendar year.
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