IRS Issues Interim Guidance on Informational Reporting of Employer-Sponsored Health Coverage
Reporting is Voluntary for All Employers for 2011 and Small Employers for 2012

WASHINGTON — The Internal Revenue Service today issued interim guidance to employers on informational reporting on each employee's annual Form W-2 of the cost of the health insurance coverage they sponsor for employees. The IRS is also requesting comments on this... more

Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
Taxpayers will see a variety of benefits impacting several different tax years under new legislation signed into law on Dec. 17, 2010

• A Two Percent Employee Payroll Tax Cut — The legislation includes an employee-side payroll tax cut for over 155 million workers, providing tax relief of about $112 billion in 2011 paychecks.
• Extension of Unemployment Benefits — The legislation extends emergency unemployment benefits at their current level for... more