2011 – 2012 IRS Project Plan
10/3/2011 8:26 AM
The IRS released their project plan for 2011-2012. The plan includes items that the IRS and Treasury would like to address. Here are some of the items in the plan that impact employee benefits:
Finalize the 2007 proposed cafeteria plan regulations under §125;
Guidance on the $2,500 annual limit on salary reduction contributions to cafeteria plan health flexible spending arrangements under §125(i);
Guidance under §132(f) on the use of smart cards, debit cards and credit cards in providing qualified transportation fringe benefits;
Address comparable contributions rules for HSAs, especially those relating to the cafeteria plan exception;
Regulations on the Medicare Tax for 2013.