CONGRESS REPEALS EXPANDED 1099 REPORTING AND IRS ISSUES W-2 REPORTING GUIDANCE
In the Autumn 2011 Benefits Law Journal, Mark Holloway, Senior Vice President, Director, Compliance Services, Lockton Benefit Group and Ed Fensholt, Senior Vice President, Director, Compliance Services, Lockton Benefit Group contributed an article titled Congress Repeals Expanded 1099 Reporting and IRS Issues W-2 Reporting Guidance. The article applauds - and explains - the recent activity of Congress, repealing the health reform law's Form 1099 requirement. The two attorneys also demystify the W-2 reporting of health plan values for employers.
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