- The Patient Protection and Affordable Care Act (Health Care Reform) requires companies to report the aggregate cost of employer sponsored health coverage to their employees on Form W-2. The aggregate cost includes both employee and employer contributions.
- The reporting was to begin with the calendar year 2011 Form W-2, due in January 2012. However, the IRS announced that reporting the cost of such coverage is optional and will not be mandatory for Forms W-2 issued for 2011.
- This relief will give employers additional time to make any necessary changes to their payroll systems or procedures in preparation for compliance with the reporting requirement.
- A D Computer is ready to accept the cost of health coverage reported for each employee, if provided in 2011, which will be included on the 2011 Form W-2.
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