The American Payroll Association (APA), in conjunction with MasterCard Worldwide, is pleased to present Your Paycheck, an all-new electronic book. Thanks to MasterCard Worldwide's sponsorship, this e-book is available absolutely FREE!

Your Paycheck covers all the basics of earning a paycheck such as Forms W-4 and W-2, payroll taxes, withholding, deductions, and more. The various methods of wage payment are discussed, including electronic payment through direct deposit and payroll debit cards. Your Paycheck presents pay concepts in easy-to-understand language, with helpful examples and illustrations. That makes this e-book ideal for first-time workers and those who need a better understanding of their paychecks and the payroll system.

The IRS has updated its interim guidance on From W-2 reporting of the cost of employer –provided group health plan coverage with a chart. The chart which is based on Notice 2012-9 contains the requirements for tax year 2012 and beyond. It lists many types of health care coverage and various other situations, and explains whether reporting is required, prohibited, or optional.

The IRS explains that items listed as “optional” are designated as such based on transition relief provided by Notice 2012-9, and their “optional” status may be changed by future guidance. However, any such change will not be applicable until the tax year beginning at least six (6) months after the date of issuance of such guidance. Click here to view chart