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IRS Corrects Qualified Transportation Benefit Regulations
Internal Revenue Service [IRS]
[Official Guidance] Apr. 6, 2001
Excerpt: As published, the final regulations (TD 8933), do not address what taxable year is used for purposes of the applicability dates in the regulations. These final regulations are being corrected to clarify that the applicability dates in the regulations are based on the employee taxable year and that, for this purpose, an employer may assume that the employee taxable year is the calendar year.
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