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Issue Number:  2012-1

Inside This Issue

1. Latest revisions now available on IRS.gov
2. More guidance on reporting employer health care coverage on Forms W-2
3. National Taxpayer Advocate’s annual report to Congress
4. Contacting the IRS for information and assistance  

• Pub. 15, Circular E, Employer's Tax Guide (Rev. Jan. 2012)  
• Pub. 1179, General rules and specifications for private printing of substitute forms (Rev. Proc. 2011-60) 
• Pub. 1167, General rules and specifications for substitute forms and schedules (Rev. Proc. 2011-61) 
• Pub. 1141, General Rules and Specifications for Substitute Forms W-2 and W-3 (Rev. Proc. 2011-62)
• Revenue Ruling 2012-5  provides tables of covered compensation under § 401(l)(5)(E) of the Internal Revenue Code and the income tax regulations, thereunder, for the 2012 plan year.

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IRS Notice 2012-09 provides additional guidance regarding the requirement that certain employers report the value of employer-sponsored health care coverage on the employees’ Forms W-2. The notice restates and amends the interim guidance in Notice 2011-28.

Notice 2012-09 provides interim guidance that generally is applicable beginning with 2012 Forms W-2 (forms required for the calendar year 2012 that employers are generally required to give employees by the end of January 2013).

More information about the provision is on the ACA page of IRS.gov.

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The National Taxpayer Advocate’s 2011 report to Congress focuses on IRS funding and taxpayer rights. Among other issues the report discusses reducing taxpayer burden by accelerating third-party information reporting.

Related link:

• IR-2012-6, National Taxpayer Advocate Delivers Annual Report to Congress; Focuses on IRS Funding and Taxpayer Rights

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The hours of service for most IRS toll-free telephone lines is now 7 a.m. to 7 p.m. local time.

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