The IRS has just announced that small companies will get an additional year before being required to report the value of employee health benefits on their employees’ W-2 forms.
Employee health benefits
Health reform legislation passed in 2010 included a requirement that employers report on W-2 forms the value of health coverage they provide to employees. The IRS had already provided relief for all businesses by making reporting optional for 2011 W-2 forms.
Now, small companies that file fewer than 250 W-2s need not report the value of benefits until filing 2012 W-2 forms early in 2013.
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