October 23rd, 2012 § Comments Off § permalink
Florrie Jones, CFC
It’s been 5 Years and 2 months – is 2013 the year the IRS makes the rules final? And if they do, are you ready for the new non-discrimination testing (NDT) requirements? In addition to 1) adding some teeth to the tests with the prospect of agency audits and 2) clarifying that the final results to keep on file must be as of the last day of the plan year, the new proposed regulations have also modified some of the tests themselves.
April 29th, 2011 § Comments Off § permalink
There are 16 states with state tax laws where the definition of dependent does not conform to federal tax law. Why should you care? If you have a Premium Only Plan (POP) or a full Cafeteria Plan in which your health premiums may be tax favored and you live in one of the following states/commonwealths, read on.
November 4th, 2010 § Comments Off § permalink
Many in Congress have deemed the existing cafeteria plan under IRC Section 125(b) to be unfair to small employers. In a bipartisan effort Congress incorporated into health care reform legislation a new form of Code Section 125 cafeteria plan that is available to small employers beginning in 2011 that avoids some of the nondiscrimination issues inherent in small Café Plans.