TITLE

IRS stretches flexible spending plans even more

AUTHOR(S)
Solink, Claude
PUB. DATE
October 2005
SOURCE
Long Island Business News (7/1993 to 5/2009);10/7/2005, Vol. 52 Issue 42, p5B
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the move of the U.S. Internal Revenue Service to offer companies the option to give employees until March 15 of every year to spend the tax-exempt money for medical and childcare expenses allocated for them. Intention of the agency to avoid the use it or lose it mentality of employees that has penalized people for miscalculating medical costs; Significance of making these flexible-spending plans more flexible; Ability of employees to take advantage of pre-tax benefits.
ACCESSION #
18567245

 

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