Under the health care reform law, the Patient Protection and Affordable Care Act, as amended, employers must report the aggregate cost of certain employer-sponsored health coverage on Form W-2. The rule was originally scheduled to take effect for 2011 (i.e. for W-2s that would generally be distributed in January 2012). However, on October 12, 2010, the Internal Revenue Service (“IRS”) delayed the new Form W-2 reporting rule by one year.
Please see the Alliant Compliance Alert for more information.
