Adding Obamacare data to W-2 tax form may confuse: IRS

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Adding Obamacare data to W-2 tax form may confuse: IRS

By Patrick Temple-West WASHINGTON (Reuters) - U.S. Internal Revenue Service officials fretted on Monday about an idea being pushed by some businesses to expand the ubiquitous W-2 tax form to include more healthcare data in an effort to avoid the creation of a new IRS form. "The number of fields on the W-2 is a little sacrosanct," said Stephen Tackney, an IRS lawyer working on new agency rules to implement President Barack Obama's healthcare law. At an IRS hearing on the rules, which have still not been finalized, Tackney said: "We're a little concerned ... those (W-2) instructions are going to start getting a little confusing for people." At issue is the IRS's need for more information from large businesses on whether they are offering affordable and minimum essential coverage to employees, as Obamacare mandates. The compact, one-page W-2 form already reports basic data on employees such as wages, federal income tax, Social Security tax and Medicare wage tax withheld.

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