{"id":5282,"date":"2011-03-30T18:11:40","date_gmt":"2011-03-30T22:11:40","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=5282"},"modified":"2011-05-26T18:21:41","modified_gmt":"2011-05-26T22:21:41","slug":"tip-of-the-week-guidance-on-form-w-2-reporting-for-health-coverage-issued","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2011\/03\/tip-of-the-week-guidance-on-form-w-2-reporting-for-health-coverage-issued\/","title":{"rendered":"Tip of the Week: Guidance on Form W-2 Reporting for Health Coverage Issued"},"content":{"rendered":"<div class=\"img alignright size-medium wp-image-5284\" style=\"width:300px;\">\r\n\t<a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/05\/20110330.jpg\"><img src=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/05\/20110330-300x203.jpg\" alt=\"Guidance on Form W-2 Reporting for Health Coverage Issued\" width=\"300\" height=\"203\" \/><\/a>\r\n\t<div>Guidance on Form W-2 Reporting for Health Coverage Issued<\/div>\r\n<\/div>The <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\">Internal Revenue Service (IRS)<\/a> recently released <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/05\/n-11-28.pdf\" target=\"_blank\">Notice 2011-28, <em>Interim Guidance on Informational Reporting to Employees of the Cost of Their Group Health Insurance Coverage<\/em><\/a>.<\/p>\n<p><strong>Notice 2011-28 Does not Cause <\/strong><strong>Excludable Employer-Provided Health Care Coverage to Become Taxable<\/strong><\/p>\n<p>According to <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/05\/n-11-28.pdf\" target=\"_blank\">Notice 2011-28<\/a>, nothing in \u00a76051(a)(14), <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/05\/n-11-28.pdf\" target=\"_blank\">Notice 2011-28<\/a>, or the additional guidance that is contemplated under \u00a76051(a)(14), causes or will cause otherwise excludable employer-provided health care coverage to become taxable.<\/p>\n<p><strong>Notice 2011-28 Applies to 2012 Forms W-2<\/strong><\/p>\n<p><a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/05\/n-11-28.pdf\" target=\"_blank\">Notice 2011-28<\/a> applies to the 2012 Forms W-2, which will generally be furnished to employees during January 2013. Employers are not required to report the cost of excludable employer-provided health care coverage before the 2012 Forms W-2. The reporting will be in box 12 of 2012 Form W-2, using code DD.<\/p>\n<p><strong>Notice 2011-28 Contains Information on Calculating Reportable Amounts<\/strong><\/p>\n<p><a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2011\/05\/n-11-28.pdf\" target=\"_blank\">Notice 2011-28<\/a> provides detailed information, in a question and answer format, on calculating reportable amounts, which amounts are included in the reportable amount, and which amounts are excluded from the reportable amount.<\/p>\n<p><strong>Contact Vision Payroll Today<\/strong><\/p>\n<p>Contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> today if you have further questions on changes to the 2012 Form W-2 reporting for health coverage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guidance on Form W-2 Reporting for Health Coverage Issued The Internal Revenue Service (IRS) recently released Notice 2011-28, Interim Guidance on Informational Reporting to Employees of the Cost of Their Group Health Insurance Coverage. Notice 2011-28 Does not Cause Excludable Employer-Provided Health Care Coverage to Become Taxable According to Notice 2011-28, nothing in \u00a76051(a)(14), Notice [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[224,321,1513,28],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5282"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=5282"}],"version-history":[{"count":4,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5282\/revisions"}],"predecessor-version":[{"id":6411,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/5282\/revisions\/6411"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=5282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=5282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=5282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}