Welcome Guest. Register Now!  


Payroll Payroll related topics.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-03-2015, 03:06 PM
Junior Member
 
Join Date: Feb 2015
Posts: 1
Pre-Tax Deducts

Is it an IRS requirement that pre-tax deductions (like 401K and health) be put on the W-2 (in box 12/14)...or is this optional for the employer?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-03-2015, 08:29 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by ckevin View Post
Is it an IRS requirement that pre-tax deductions (like 401K and health) be put on the W-2 (in box 12/14)...or is this optional for the employer?
not optional; employers who provide heath insurance to their employees must report the cost of coverage on their employees' on w2;box 12 contains def compensation that is an arrangement in which a portion of an employee's income is paid out at a later date after which the income was actually earned



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sold home to investor trust-who deducts real estate taxes & interest Kmcc1205 Itemized Deductions 1 01-19-2014 12:47 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.