(comments: 0)
IRS Issues 2009 Index Amounts for Health Savings Accounts
The new 2009 maximum annual HSA contribution has been raised to $3000 for individuals with self-only coverage and to $5950 for family coverage.
Read more … IRS Issues 2009 Index Amounts for Health Savings Accounts
(comments: 0)
Delay of IRS Revenue Ruling 2006-57 on 132 Transportation Debit Cards
The purpose of this notice is to delay the effective date of Revenue Ruling 2006-57, 2006-47 I.R.B. 911. Revenue Ruling 2006-57 provides guidance to employers on the use of smartcards, debit or credit cards, or other electronic media to provide qualified transportation fringes under Internal Revenue Code §§ 132(a)(5) and 132(f).
Read more … Delay of IRS Revenue Ruling 2006-57 on 132 Transportation Debit Cards
(comments: 0)
Proposed Regulations Issued for Cafeteria Plans
On August 3, 2006, the U.S. Treasury Department and the Internal Revenue Service (IRS) released proposed regulations regarding cafeteria plans. These rules replace the previously-proposed and temporary regulations issued intermittently between May 1984 and March 2000.