2011 – 2012 IRS Project Plan

Oct 3

Written by:
10/3/2011 8:26 AM  RssIcon

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.

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This Blog is made available by the authors and Employee Benefits Corporation for educational and general informational purposes only, not to provide legal advice. By using this Blog you understand that there is no attorney/client relationship between you and the Blog author.
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