IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Guidance on $2,500 Health FSA Cap Update for 2013; IRS & Legislation May Change Use It Or Lose It Rule
By Alson Martin J.D., LL.MIRS Notice 2012-40 deals with the $2500 cap imposed by health care reform under 125(i) of the Internal Revenue Code on employee salary deferrals to a health FSA in 2013 and thereafter.
June 15, 2012
IRS Rules on Key Point on 401(k) VestingThe agency weighs in on how breaks in service affect a participants vesting in a 401(k) plan.
June 14, 2012
GAO: IRS Needs to Plan Better for PPACAThe agency should decide who's going to review risk mitigation options, officials say.
June 13, 2012
A More Compassionate IRS? Agency Offers Help for Struggling TaxpayersThe IRS offers more flexible terms in its OIC program, for starters, but also help in collections and lien relief for homeowners.
June 01, 2012
IRS: Why Keep the FSA Use-It-or-Lose-It Rule?The idea of making workers forfeit FSA balances at the end of the year may be obsolete, officials say.
May 31, 2012
IRS Issues Guidelines for Health Care Flexible Spending AccountsThe IRS has issued guidelines on the $2,500 cap imposed on health care flexible spending accounts as part of the Patient Protection and Affordable Care Act.
May 18, 2012
Ways and Means Eyes Tax-Exempt HospitalsA witness says hospitals still need guidance from the IRS on how to handle patients who can't pay their bills.
May 14, 2012
IRS Steps Up Fight Against Identity Theft, PhishingAs if worrying about taxes werent enough to handle, a troubled IRS looks to prevent and detect identity theft cases.