Reg. § 1.6052-1 Information returns regarding payment of wages in the form of group-term life insurance.
(a) Requirement of reporting
(1) In general Every employer, who during any calendar year provides any one of his employees remuneration for services in the form of group-term life insurance on the life of such employee any part of the cost of which is to be included in such employee's gross income as provided in section , shall make a separate return on Form W-2 with respect to each such employee for such year which includes the following information:
(i) Name, address, and identifying number of the employer;
(ii) Name, address, and social security number of the employee; and
(iii) Total amount includible in the employee's gross income by reason of the provisions of section , computed as if each employee reported his income on the basis of a calendar year (determined as if the employer making such return is the only employer paying the employee remuneration in the form of group-term life insurance on his life which is includible in his gross income under section ).
Returns on Form W-2 required to be filed pursuant to the provisions of this section shall be transmitted by Form W-3. In a case where, with respect to the same employee, an employer must make a return on Form W-2 under this section and also under or (Employment Tax Regulations), or under (relating to return of information as to payments to employees), such employer may make such returns on the same Form W-2 or on separate Forms W-2. In a case where an employer must file a Form W-3 under this section and also under or (Employment Tax Regulations), the Form W-3 filed under such or shall also be used as the transmittal form for a return on Form W-2 made pursuant to the provisions of this section.
(2) Definitions Terms used in of this section and in section and the regulations thereunder have the meaning ascribed to them in section and the regulations thereunder.
(b) Time and place for filing
(1) Time for filing
(i) General rule In a case where an employer must file Forms W-3 and W-2 under this section and also under or (Employment Tax Regulations), the time for filing such forms under this section shall be the same as the time (including extensions thereof) for filing such forms under or .
(ii) Exception In a case where an employer is not required to file Forms W-3 and W-2 under or , returns on Forms W-3 and W-2 required under of this section for any calendar year shall be filed on or before February 28 (March 31 if filed electronically) of the following year.
(iii) Cross reference For extensions of time for filing returns, see section and the regulations thereunder.
(2) Place for filing The returns on Forms W-3 and W-2 required under of this section shall be filed pursuant to the rules contained in (Employment Tax Regulations), relating to the place for filing certain returns.
(c) Special rule for calendar years before 1972 For calendar years before 1972, the provisions of this section will be deemed to have been complied with if the returns for such years were filed in accordance with the provisions of this section in effect prior to August 3, 1973, or with the instructions applicable to the appropriate forms.
(d) Last day for filing return For provisions relating to the time for performance of an act when the last day prescribed for performance falls on Saturday, Sunday, or a legal holiday, see (Regulations on Procedure and Administration).
(e) Penalty For provisions relating to the penalty provided for failure to file the information returns required by this section, see section and the regulations thereunder.
[T.D. 6888, 31 FR 9205, July 6, 1966, as amended by T.D. 7284, 38 FR 20828, Aug. 3, 1973; T.D. 7580, 43 FR 60160, Dec. 26, 1978; T.D. 7623, 44 FR 28800, May 17, 1979; T.D. 8895, 65 FR 50408, Aug. 18, 2000]