December 2010
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New 2011 W2 Tax Reporting Requirement
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Beginning in 2011 employers will be required to report the value of health benefits to the IRS. This means payroll systems beginning February 2011 will need to be able to calculate and report partial year values for terminating employees. The attached ruling from the IRS does a nice job of explaining the provision.
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Happy Holidays From Larry Sherwood & Associates
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A year full of big healthcare changes is behind us. We look forward to another interesting year.
Best wishes for a healthy and enjoyable holiday season and a bright 2011.
From all of us at Larry Sherwood & Associates, Happy Holidays!
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