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Posted

I am trying to locate a person willing to be the administrator for a one-person FSA for a retired clergy person who has no employees. His accountant was willing to provide this service in the past but no longer is maintaining the administrative software license after 2004. Thus, the clergy person needs to find another independent person to provide this minimal service.

Where do I look? Do I look to other accountants, a TPA (which is unlikely to want to deal with a one-person situation in a cost effective manner), a financial planner, an insurance broker, an enrolled agent, or what?

The clergy person is exceptionally thrifty so any charges will need to be minimal (as an example, he always does take out food and orders only one meal to share when traveling with his spouse, and it is never at supper time).

Thank you for any suggestions.

Theresa Lynn

Posted

I cannot think of a reason why a sole proprietor, a more than 2% S Corp shareholder, a partner in a LP or LLC etc, or the sole shareholder/employee of S Corp, would need an FSA even if they could be eligible to participate in an FSA, which is most unlikely anyhow.

Why does this person think that an FSA is necessary?

Why is this person eligible to participate in an FSA?

George D. Burns

Cost Reduction Strategies

Burns and Associates, Inc

www.costreductionstrategies.com(under construction)

www.employeebenefitsstrategies.com(under construction)

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