Wespath Benefits and Investments
Abacus Retirement Solutions, LLC
Trucker Huss, A Professional Corporation
Carpenter Morse Group Inc.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Here's the Way the Use-It-or-Lose-It Rule Ought to Work (PDF)|
Allen Buckley, Smith Moore LLP
June 16, 2005
Excerpt: There is no basis for the use-it-or-lose-it rule or the uniform coverage rule in Internal Revenue Code 125 or in the legislative history thereto. These rules exist under proposed regulations ... An alternative ... that would work under the law would be to: ... replace the uniform coverage rule ... with a rule that allows employees to reimburse themselves from their FSA accounts later in the year if expenses incurred earlier in the year exceeded the FSA premiums paid ...
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|