New Requirement

[erchess]

I am seeing a lot of W2s with code DD in box 12 reporting the cost of employer paid healthcare. Wouldn't ya know it, my one W2 I have done this year did have employer paid healthcare and I did not report the cost on the W2. Am I in violation of the law and should I issue a corrected form?

[Matt Sova]

Large employers

I think it is larger employers. Over 250 employees??? Cant quite remember exactly.

[Koss]

Transition Relief

Many small employers are not subject to this reporting requirement for 2012 Forms W-2. Notably, the exception appears to be applicable to employers who filed fewer than 250 Forms W-2 for the previous year, i.e., 2011.

Here's a Q&A from the IRS:

http://www.irs.gov/uac/Employer-Provided-Health-Coverage-Informational-Reporting-Requirements:-Questions-and-Answers

You may want to skip to Question 4. The article makes about a dozen references to "transition relief" before they actually tell you who it applies to.

BMK

[ruthc]

Other Threads

You can go to the other thread earlier to see how to handle this. You should be ok not to report it.