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FACT SHEET BUSINESS Need-to-know details for information reporting of employer sponsored coverage Under the Affordable Care Act, employers with 50 or more full-time equivalent employees are required

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What is information reporting of employer?

Information reporting of employer is a process where employers are required to report specific information about their employees' wages, tax withholdings, and benefits to the IRS.

Who is required to file information reporting of employer?

Employers who have employees and make use of certain benefits such as health insurance or retirement plans are required to file information reporting of employer.

How to fill out information reporting of employer?

Employers can fill out information reporting of employer forms such as Form W-2, Form W-3, Form 1099, and Form 1096 with the required information about their employees and benefits.

What is the purpose of information reporting of employer?

The purpose of information reporting of employer is to ensure that employees' wages and benefits are accurately reported to the IRS for tax purposes.

What information must be reported on information reporting of employer?

Employers must report information such as employees' wages, tax withholdings, and benefits like health insurance or retirement contributions.

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