Archive by month: 2019-1Return
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The IRS has released IRS Publication 503 and Form 2441 (Child and Dependent Care Expenses) and the accompanying Form 2441 Instructions for the 2018 tax year.
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Categories: Benefits in General, Compliance | Tags: Publication 503 , IRS Pub 503 , 2018 tax filing , Child and Dependent Care , Form 2441 , Form 2441 Instructions
The IRS has released the latest version of Publication 502 for use in preparing 2018 tax returns. Taxpayers interested in filing itemized deductions for medical expenses will find the IRS Pub. 502 a useful resource when preparing their federal income tax returns.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: IRS Pub 502 , Publication 502 , Medical Expenses , Itemized Medical Expenses , 2018 Tax Filing
The answer will be different depending upon if the employee has a cafeteria plan with run out, grace period or rollover. The employee is not eligible for an HSA if he/she has disqualifying coverage.
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Categories: Benefits in General, Compliance | Tags: HSA , Health Care FSA , Limited Health Care FSA , Health Savings Account Eligibility , Grace Period , Run out period , Rollover
As we ring in 2019, calendar year cafeteria plan have also started the new 2019 plan year. Employers might be wondering whether it is really too late to allow employees to make changes to or even revoke their flexible spending account (FSA) elections, especially if it is prior to the first payroll for the new plan year.
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Categories: Benefits in General, Compliance | Tags: FSA , Permitted Election Change , Irrevocable , Plan Year