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  • IRS Issues Updated Guidance on W-2 Reporting

    On January 3, 2012, the IRS issued additional interim guidance on the W-2 reporting requirement that is part of health care reform. In this guidance, the IRS confirms that employers filing fewer than 250 W-2s are not required to report the value of health benefits. This guidance extends that relief until further guidance is issued.

    Additionally, the release indicates that specialty coverage, if included with medical benefits, must be reported.

    The guidance reaffirms that this is a reporting requirement only and does not impact employees’ taxable wages.

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