As a result of the Windsor decision same gender marriages are recognized for Federal tax purposes if the couple is married in states that recognize same gender marriages regardless of where the couple may be domiciled (see ErisaALERT 2013-04). The IRS has issued Notice 2014-1 providing additional guidance relating to the impact of the Windsor […]
Cafeteria Plan, DOMA, domestic partner, FSAThe IRS issued Notice 2012-40 regarding the $2,500 flexible spending account (FSA) limit enacted by Health Care Reform Bottom Line: The limit applies to plan years beginning after December 31, 2012 Plans may adopt amendments at any time through the end of 2014 For plans with a grace period, amounts carried over will not apply […]
ACA, FSA, Health Care Reform. 2012 archiveAugust, 2006 IRS Issues Guidance on the use of debit/credit cards in Health FSAs and HRAs WHAT IS IT: In July 2006, the IRS issued Notice 2006-69 providing additional guidance regarding the use of debit cards, credit cards and stored value cards to reimburse participants in self-insured medical reimbursement plans, such as health flexible spending […]
debit cards, FSA, HRA, IRSJune, 2006 IRS Proposed Regulations on Dependent Care Expenses WHAT IS IT: In May 2006, the IRS issued proposed regulations under IRC Section 21 relating to the dependent care tax credit. The proposed rules renumber, restructure and are intended to improve clarity of regulations that were written over 20 years ago. The new proposed regulations […]
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