27 Oct 2010

IRS defers W-2 reporting of health care costs

27 Oct 2010

The Patient Protection and Affordable Care Act (PPACA) initially was to require all employers to report the total cost of health care expenditures made on behalf of individual employees, on their 2011 W-2 forms.  This would be a new administrative requirement for employers, and will require some planning to accurately report the data in a timely manner.

Employee Benefit News reports that the IRS has deferred this requirement, making 2011 reporting optional.

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