I was reminded that there is new
W-2 reporting for larger employers this year.
If you will be issuing more
than 250 Forms W-2 this month, please remember that you have to include and
report the cost of employer-sponsored health insurance provided to the employee
during 2012.
Smaller employers are exempt
from this requirement for the 2012 W-2s.
The IRS wants taxpayers to
know that this reporting is just “informational.” The amount paid is not
taxable to the employee for 2012.
COMMENT: Call me a cynic, but
why do I believe that the key word in the above sentence is “2012?”
No comments:
Post a Comment