IRS Issues Form W-2 Guidance Under The Affordable Care Act
The Internal Revenue Service (“IRS”) has issued interim guidance to employers on the Form W-2 informational reporting requirements under the Patient Protection and Affordable Care Act (“Affordable Care Act”). Under the Affordable Care Act, employers are generally required to report the cost of employer-provided health care coverage on the Form W-2 that they issue to employees and file with the IRS. However, as discussed below, the requirement is not effective for most employers until the 2012 Form W-2 is issued in January 2013.
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