April 27, 2011
Tip of the Week: Notice 2011-28 Limits Which Employers Must Report Health Insurance
Filed under: News
Vision Payroll

Notice 2011-28 Limits Which Employers Must Report Health InsuranceAs previously reported, the Internal Revenue Service (IRS) has released Notice 2011-28, Interim Guidance on Informational Reporting to Employees of the Cost of Their Group Health Insurance Coverage.

Notice 2011-28 Applies To Large Employers

Notice 2011-28 exempts smaller employers from the reporting requirement. If an employer files fewer than 250 Forms W-2 for 2011, then the employer will be exempt from the reporting requirement for 2012 Forms W-2. Furthermore, until further guidance is issued by the IRS, such employers will continue to be exempt from the next year’s reporting requirements as long as they are required to file fewer than 250 Forms W-2 for a calendar year.

Further Guidance on Health Insurance Reporting on Form W-2 to Come

Over the coming months, Vision Payroll will provide further information on the interim guidance on informational reporting to employees of the cost of their group health insurance coverage as outlined in Notice 2011-28.


Submit a Comment

From New Hire to Payroll
With the Click of Button

Streamline Your Hiring
Process With

Tips / Latest News