Flexible Spending Account Forfeitures

[Guest JJSanFran]

Where can I find the IRS regs dictating what options an employer has for "using" forfeited funds from employees flex accounts?

Thanks!!

[papogi]

As far the regs, guidance on forfeitures can be found in 1.125-2 A-7(b)(7). Here’s a link:

http://www.125plan.com/Section%20125-2.pdf

Try using the search feature here at the message board for past discussions on the application of these regs. I think there was even a post within the last couple weeks on this topic.

[oriecat]

Here's a Q&A from EBIA on the subject:

http://www.ebia.com/static/weekly/question.../Caf021107.html