Under the PPACA, employers are required to report the cost of employer-sponsored health coverage on their employees’ 2011 Forms W-2 (generally issued in early 2012). However, a recent notice provides relief to employers with respect to this reporting requirement. Under the new guidance, this reporting will not be mandatory for Forms W-2 issued for 2011. The delay in the mandatory reporting requirement will give employers an additional year to update their payroll procedures to track the cost of medical coverage. Additional guidance is expected from the Internal Revenue Service (IRS) in the coming year with regard to how the cost of coverage should be calculated. Stay tuned. (IRS Notice 2010-69)