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  • Announcement 2004-96 - New Code Y For The 2005 Form W 2, Box 12. This Announcement Advises

Get Announcement 2004-96 - New Code Y For The 2005 Form W 2, Box 12. This Announcement Advises

Tuary, in order to avoid institution or conclusion of a proceeding for his or her disbarment or suspension from practice be- fore the Internal Revenue Service, may offer his or her consent to disbarment from such practice. The Director, Office of Professional Responsibility, in his discretion, may disbar an attorney, certified public accountant, enrolled agent, or enrolled actu- ary in accordance with the consent offered. The following individuals have been placed under consent disbarment from.

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Related content

Internal Revenue Bulletin: 2004-47
Nov 22, 2004 — This announcement advises employers about a new Code Y for use on the...
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IRB 2004-47 (Rev. November 22, 2004)
Nov 22, 2004 — New Code Y for the 2005. Form W–2, Box 12. Announcement 2004–96...
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IRB 2004-47 (Rev. November 22, 2004)
Nov 22, 2004 — New Code Y for the 2005. Form W–2, Box 12. Announcement 2004–96...
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Common codes used for Box 12 Letter code:Used for:D401(k) contributionsE403(b) contributionsF408(k)(6) contributionsG457(b) contributions5 more rows • Jun 5, 2023

"Your payroll deductions for the HSA account will be shown on your W-2 in Box 12, marked code 'W'. Because your payroll deductions were taken pretax, they are considered 'employer contributions' and are to be entered on Line 9 of form 8889.

The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan on an employee's Form W-2, Wage and Tax Statement, in Box 12, using Code DD.

Form W-2 or any other document because they are exempt from federal and state income tax. Combat pay is indicated by code Q on Form W-2, box 12.

In ance with the Affordable Care Act of 2010, we are reporting the total cost of the employer sponsored health coverage you received during the year in box 12 under code DD. This figure includes both the employee and employer paid shares of health insurance premiums and is for informational purposes only.

You are not required to complete box 12 with code Y (Deferrals under a section 409A nonqualified deferred compensation plan). Section 409A provides that all amounts deferred under a nonqualified deferred compensation (NQDC) plan for all tax years are includible in gross income unless certain requirements are satisfied.

Employer-paid premiums for health insurance are exempt from federal income and payroll taxes. Additionally, the portion of premiums employees pay is typically excluded from taxable income. The exclusion of premiums lowers most workers' tax bills and thus reduces their after-tax cost of coverage.

Code D. Non-taxable elective salary deferrals to a 401(k) or SIMPLE 401(k) retirement plan. Code E. Non-taxable elective salary deferrals to a 403(b) retirement plan.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232