Search
Close this search box.

TASC Closed Thursday, October 10

Happy New Year! IRS Rings in 2012 with W-2 News

Sharitasc

OTHER MUST READ ARTICLES

Free webinars

We offer complimentary webinars on HR trends, compliance, and benefit news.

The mandate to report the cost of employer-sponsored group health plan coverage has been revised by IRS Notice 2012-9, issued just this week.

As many will recall, last summer the agency solicited public comment on various aspects of this requirement. This week’s revisions are in direct response to that feedback, and makes changes that may be of interest to TASC Providers/Clients regarding the following:

  • A reprieve from the reporting requirement for employers who file fewer than 250 W-2s for the preceding calendar year.
  • The cost of coverage included/excluded in the aggregate reportable cost (HINT: HRAs appear to be OUT, at least for the time being).

Beginning with 2012 W-2s (those reported by the end of January 2013), this “interim” guidance is applicable until further instructions are issued. Any future guidance will apply prospectively only and will not apply to any calendar year starting within six months of the release date.

The call-outs above are only two of 40 provisions addressed in this most recent notice. Rest assured that TASC Governmental Affairs staff is currently analyzing the entire document and will report further, as pertinent.

Industry Updates

Subscribe
to our blog

mytasc logo

Universal Benefit Account, AgriPlan/BizPlan and COBRA/Benefit Continuation

Legacy Systems

Compliance and Distributor Access

For inquiries regarding your TASC service offerings:

Call: 608-241-1900 or 800-422-4661, M-F, 8-5, based on the area code where the call is coming from.

Every Wednesday morning phones are not available until after 9:00 am (CST), as our customer care team is in training.

Support Request: Log in to your MyTASC account and click on Contact Us.

Mail: Total Administrative Services Corporation
2302 International Lane
Madison, WI 53704

Distributor Login

To access MyTASC as a Distributor, click here!   For general information on your current TASC clients, contact our Provider Service team and please have your TASC ID ready: 888-595-2261, option 2, then 3.