Did you know that the IRS has a YouTube channel? It does, and the channel is here: http://www.youtube.com/user/irsvideos
Check out this video to see how the IRS explains employers’ responsibilities to report employer-sponsored health insurance coverage on W-2s.
This particular video talks about the fact that the employer-sponsored health care benefits remain nontaxable to the recipients. It also explains that the cost of the employer-sponsored health care may appear on 2011 W-2s and that the reporting is optional for all employers for 2011 and for small employers in 2012. This video also refers viewers to the Affordable Care Act pages of IRS.gov for more information
You can watch this and other videos on the IRS YouTube Channel. Several videos cover topics for small businesses, employers and employees.
