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Industry Alerts

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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Kathy Farrell |  Vice President, Finance and Administration
Advocates for Youth