H&W: IRS Modifies Form W-2 Reporting on Group Health Plan Coverage

IRS Modifies Form W-2 Reporting on Group Health Plan Coverage: Under current IRS guidance, W-2 reporting related to the cost of employer-provided group health coverage is first required for many employers in the 2012 tax year, and generally must be reported on the Form W-2 issued to employees in January 2013. However, additional transition relief is available for certain employers and types of coverage in accordance with IRS Notice 2011-28. This includes employers filing 250 or more W-2s in the preceding calendar year.

The IRS recently tweaked its guidance on the reporting of employer-provided group health plan coverage on Form W-2 in Notice 2012-9, which amends and restates Notice 2011-28. The core requirements remain the same, with certain clarifications and modifications that can be found by clicking here.