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Cincinnati, OH   513.621.2120     |     Covington, KY   513.621.8900

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Cincinnati, OH   513.621.2120

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Covington, KY   513.621.8900

Tag: Flexible Spending Account

IRS Announces Change to the“Use It or Lose It” Rule for FSAs

Posted on November 27, 2013November 27, 2013

Amend Your Cafeteria Plan Now To Allow for a $500 Rollover The IRS has announced that Cafeteria Plans (also known as 125 Plans, FSAs and Flexible Spending Accounts) can permit up to $500 to be “rolled over” into the following year – softening the “use it or lose it” rule that had been the hallmark …Read More

Posted in: Corporate | Business, Labor | Employment, Published Articles, Tax Planning | Compliance

Tagged: 125 Plan, 2013 Play Year, Amendment, attorney, business, Cafeteria Plan, Cincinnati, Claudia Allen, corporate, covington, employment, Flexible Spending Account, FSA, human resources, IRS, kentucky, Law, law firm, lawyer, Lawyers, Legal, northern kentucky, Notice 2013-71, ohio, Rollover, small business, Strauss Troy, tax, tax planning, Use it or lose it

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