The U.S. Treasury Department (“Treasury”) announced on July 2, 2013, that the mandatory employer and insurer reporting requirements under Sections 6055 and 6066 of the Internal Revenue Code (“Information Reporting”), as enacted by the Patient Protection and Affordable Care Act (“PPACA”), will be postponed by one year (“Transition Relief”).  Absent the Transition Relief, Information Reporting would have applied to health coverage provided by employers during 2014.  The Transition Relief may be viewed as a welcome development by employers who need additional time to implement appropriate procedures for administering Information Reporting and other PPACA requirements.