On January 3, 2012 the Internal Revenue Service issued interim guidance, Notice 2012-9, an amendment of Notice 2011-28, discussing the PPACA requirement of employers to include the cost of employer-sponsored health insurance coverage on each employee’s annual W-2 Form. Notice 2011-28, issued last March, had postponed this requirement until tax year 2012 and made it optional for all employers for the 2011 W-2 Forms. Notice 2012-9 has postponed these requirements until tax year 2013 and will supersede Notice 2011-28. The new notice also states that if employers submit fewer than 250 W-2 forms, filing would remain optional until 2014. The notice includes information on how to report, what coverage to include and how to determine the cost of the coverage. 

What does this mean to you?

If you are an employer filing fewer than 250 W-2 Forms, its optional until taxable year 2014 and if it’s over 250, it is optional until taxable year 2013.