Human Resource & Labor News
www.agc.orgMarch 31, 2011 / Issue No. 2-11
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On the Inside
Government Contracting
OFCCP Chief of Enforcement to Present & Answer Questions During AGC Webinar April 6-7; 4.0 HRCI Credits Offered
Labor Department Creates Davis-Bacon YouTube Video
Union Contracting
AGC Expands Efforts to Educate FASB on Proposed Multiemployer Plan Disclosure Accounting Standards
Bob Gasperow Retires from CLRC; Cary Peters Becomes New Executive Director
Other Labor & Employment Law
AGC Joins Comments on NLRB’s Proposal to Mandate Employee Rights Notice
EEOC Provides Guidance with Final ADAAA Regulations
IRS Issues Guidance on Form W-2 Reporting of Employer-Sponsored Health Coverage
USCIS Unveils Voluntary E-Verify Self Check for Workers; Employers Reminded Not to Require Use
Networking
AGC's HR Network Changes Name to HR Forum
IRS Issues Guidance on Form W-2 Reporting of Employer-Sponsored Health Coverage
 

On March 29, 2011, the Internal Revenue Service (IRS) issued interim guidance to employers on the requirement, as a result of the Affordable Care Act, to report the cost of employer-provided health insurance coverage on Form W-2.  Using a question-and-answer format, the IRS provided guidance for employers on how to report, what coverage to include and how to determine the cost of the coverage. The IRS emphasized that the W-2 reporting requirement is only for informational purposes and the amounts that are reported will not be taxable.

While the requirement to report the cost of employer-provided health insurance coverage on the 2011 Forms W-2 is optional for all employers, according to an October 2010 announcement, the interim guidance explains that reporting is now optional for 2012 and beyond for employers filing fewer than 250 W-2 forms, at least until further guidance is issued.

AGC will continue to monitor any new developments and will share additional guidance from the IRS as it becomes available.
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