Is there a way to add the taxable portion of an employee's life insurance to their W-2 form? This may be possible, but I can't figure out how/where to do it. :-(
Can anyone help me out with this? Or, if it isn't possible currently, please add this functionality! We've been doing out W-2 prep outside of Accpac because of this issue...
by: Heather P. | over a year ago | Payroll
Comments
Set up the excess life insurance earning/deduction as a non-cash benefit, subject to the appropriate taxes, and mark it to report on the W-2 as cost of group insurance over $50,000. It already works fine.
Thank you, Annette!