In a major victory for employers who have been struggling to understand and figure out how to implement the 2010 health care law, the Treasury Department announced July 2 that it has delayed by a year the law’s mandate that requires “large employers” to report to the IRS whether they offered their full-time employees and their dependents health care coverage in 2014.
The National Restaurant Association hailed the Treasury Department’s announcement, which also delays employer penalties under the law until 2015.
The reporting requirement was originally due to take effect Jan. 31, 2015, and requires large employers — defined as those with 50 or more full-time-equivalent employees — to provide the IRS with details on whether they offered health care coverage to full-time employees and their dependents in 2014.
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