“This reporting requirement is mandatory beginning with the 2023 tax year, and will continue to be required on an annual basis,” said the notice, as first covered by Blacklock’s Reporter.
“Failing to report this information may result in financial penalties.”
The measure is being taken to track whether companies are dropping private coverage with the introduction of a public dental care program. Its notice said information related to “a payee or any of their family members” with regard to their eligibility to access dental benefits must be reported—be it from their current or previous employment.
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