Friday, August 10, 2012

MEDICAL PREMIUMS ON W-2


Q: Larry, I heard for someone that we are going to have to put any medical/dental premiums that we pay for our employees on the W2s starting this year.  Do you have any information about this or know where I would be able to look that up?  We just want to make sure that we have it covered sooner rather than later.

A: As long as a business had less than 250 employees in 2011, then there is relief, in that, there will not be a requirement to report in 2012.
Use this link to see Q and A sheet on IRS website - CLICK HERE