Healthcare cost reporting not required on W-2 forms for 2011

October 18th, 2010 by

On October 12, 2010, the Internal Revenue Service (IRS) issued Notice 2010-69, which provides that the W-2 reporting of the cost of employees’ health coverage will be voluntary, rather than mandatory, for 2011.  The Patient Protection and Affordable Care Act originally would have required employers to report the total cost of health coverage on employees’ W-2 forms for 2011.

 The IRS  expects to issue additional guidance on the reporting requirements before the end of this year, however it recognizes that employers may need additional time to modify their payroll systems to comply with the new reporting requirement.   Based on Notice 2010-69 employers will not face a penalty if they do not report the cost of employer-provided health coverage on employees’ W-2s for 2011.

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2 Responses to “Healthcare cost reporting not required on W-2 forms for 2011”

  1. Kurt R Slentz says:

    I have two questions:
    1. Will the “total cost of health coverage on employees’ W-2 forms” be taxable by the IRS?
    2. If the amount is not taxable, why do you think employers are required to report it?

  2. Andrew Meadors says:

    Just one more reason to get the government out of our lives, repeal obamacare, reform the tax code (so everyone pays), quit using social securety funds to buy US Treasury bonds …….get the drift?

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