Health benefit reporting on 2013 Forms W-2 — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
If you filed at least 250 W-2s for 2012, you’ll be on the hook for reporting the aggregate cost of employees’ health benefits on their 2013 W-2s. The chart below lists health benefits and whether you must report them. The IRS has clarified that even if a benefit isn't reportable, you may voluntarily report it.
The legal and financial risks of mishandling employee expense reimbursements have spiked in recent years. And the IRS is in the middle of a wide-ranging audit crackdown on employment-tax issues. Would your books survive an IRS spot-check?...Click here to find out more.