Guest Laura Browne Posted August 23, 2001 Posted August 23, 2001 How long do cafeteria plan records need to be retained?
Guest Paul Posted August 24, 2001 Posted August 24, 2001 The short and conservative answer is 7 years. Back taxes can assessed 3 years after the return is filed unless there was a 25% or more ommission from gross income, then the statute of limitation is 6 years. In addition, the statute of limitation is generally 6 years and they underlying benefits (e.g. the health plan) would be subject to ERISA. So again, the best answer is 7 years.
Kirk Maldonado Posted August 24, 2001 Posted August 24, 2001 What about ERISA's records retension rules? Kirk Maldonado
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