The Internal Revenue Service (IRS) is changing the rules employers and their plan administrators need to use for reporting short-term disability (STD) insurance benefits payments.
Affected filers will have to file “third-party sick pay recap” information using IRS Form 8922.
The filers have been sending the information to the Social Security Administration (SSA) on Form W-2 and Form W-3.
The new requirement will affect STD payments made in 2014 and in later years, officials say in IRS Notice 2015-6.
The new procedure only affects where filers send the STD benefits payment information summaries, officials say. The procedure does not affect other W-2 and W-3 filing requirements, employer quarterly and annual tax return filing requirements, or requirements for giving STD benefits payment information to individual employees on the employees’ own W-2 forms.