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.
Payroll tax audits are increasing at both the state and federal levels. And the IRS has launched what experts are calling "the most significant audit initiative in decadesâ aimed at fringe benefits, exec comp and payroll taxes. Are you prepared to receive an audit letter? Do you know what triggers an audit â¦ and how to avoid one in the first place?...Click here to find out more.