The IRS released new guidance, Publication 5196, explaining employer reporting requirements of the health care law. A copy of the publication can be found here.
Health care reform requires employers with 50 or more full-time and full-time equivalent employees to file information returns with the government and issue statements to employees describing the health coverage the employer offered or did not offer. New forms were created for the required reporting. See our article from last week describing the new forms.
The IRS publication explains employer requirements in an easy-to-understand format. To be prepared to make the required health care reform reporting, the IRS explains that employers will need to
BAS can assist with health care reform data collection and reporting. For more information, contact solutions@BASusa.com.