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IRS Offers Guidance and Relief on Health Coverage Reporting Requirements
Mar 31, 2011
The IRS has issued interim guidance to employers on informational reporting on each employee’s annual Form W-2 of the cost of health insurance coverage they can sponsor for employees. The IRS has emphasized that the new reporting is for employees’ information only and does not make employer-provided health coverage taxable.
The IRS announcement was made in a March 29 press release.
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Water for People