The IRS recently released a draft version of the 2011 form W-2, used to report compensation paid to employees. The draft form includes instructions for reporting the cost of health care coverage provided to employees (Box 12, using code DD). That is a new requirement following the adoption of the health care reform bills last March.
The IRS recently made reporting the health care amount optional for 2011, delaying mandatory reporting until 2012. Expect some IRS guidance on how to determine the cost of coverage and similar issues before then.
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