Wednesday, October 13, 2010
HC Reform Update from Mark Sanna: The Obama administration announced Tuesday it will delay for one year a provision of the health law that requires employers to report the value of an employee's health plan on tax forms. The White House says the extra time is necessary to give employers time to prepare to comply with the requirement. Instead of a mandatory reporting requirement, the IRS' draft 2011 W-2 tax form includes an optional line for employers to report the cost of employer-sponsored health insurance coverage.
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