IRS Notice 2020-33 Archives - Employee Benefits I AP Benefit Advisors

IRS Offers Guidance and Flexibility for Employee Benefit Plans

The Internal Revenue Service today released guidance to allow temporary changes to section 125 cafeteria plans. These changes extend the claims period for healthcare flexible spending arrangements (FSAs) and dependent care assistance programs and allow taxpayers to make mid-year changes. The guidance issued today addresses unanticipated changes in expenses because of the 2019 Novel Coronavirus […]

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