January 11, 2012

The IRS has issued interim guidance to employers on informational reporting on each employee’s annual Form W-2 of the cost of health insurance coverage they can sponsor for employees. The IRS has emphasized that the new reporting is for employees’ information only and does not make employer-provided health coverage taxable.

The IRS announcement was made in a March 29 press release.

 

This article was originally posted on January 11, 2012 and the information may no longer be current. For questions, please contact GRF CPAs & Advisors at marketing@grfcpa.com.