Guest Phil Larson Posted February 3, 2000 Share Posted February 3, 2000 Lets say we decide to offer COBRA like benefits to Domestic Partners and lets say we figured out how to calculate the imputed income of domestic partner coverage. The question is how do companys report the imputed income for COBRA participants(example retiree's) who no longer have a paycheck? Is it just giving out a 1099? Link to comment Share on other sites More sharing options...
Guest Posted February 3, 2000 Share Posted February 3, 2000 I think you would use a 1099-misc. What other form could it be? Link to comment Share on other sites More sharing options...
Linda Posted February 3, 2000 Share Posted February 3, 2000 Why would there be imputed income for COBRA-like coverage if the former employee or partner are paying for the COBRA-like coverage on an after tax basis? Link to comment Share on other sites More sharing options...
JWK Posted February 4, 2000 Share Posted February 4, 2000 I agree with Linda, especially if the COBRA premium represents the employee plus employer cost of coverage plus maybe even 2 percent. So there's no employer-provided benefit and no need to impute income.... Link to comment Share on other sites More sharing options...
JCJD Posted May 6, 2009 Share Posted May 6, 2009 What if the company provides company-paid COBRA coverage? Link to comment Share on other sites More sharing options...
jpod Posted May 6, 2009 Share Posted May 6, 2009 JCJD: Unless IRS has said otherwise (and I don't know why it would have said otherwise), if the individual has COBRA by virtue of his/her prior employment the imputed income would have to be reported on a W-2 under the former employee's name and SSN. Also, I don't know if IRS has explained how you deal with tax withholding requirements attributable to the imputed income, but there's no general exception to withholding just because the wages take the form of taxable health insurance coverage. Link to comment Share on other sites More sharing options...
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