Tuesday, January 8, 2013
2013 W-2 Reporting For Larger Employers
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?”