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IRS Reconfirms Prohibition, Consequences of Health FSA and DCAP Substantiation Shortcuts
Thomson Reuters / EBIA Link to more items from this source
[Guidance Overview]
May 5, 2023

"The IRS's latest reminder of the substantiation requirements for health FSAs and DCAPs does not break any new ground -- the rules have been in place for many years and the prohibition on substantiation shortcuts is well known. Nevertheless, it serves as a helpful review of the rules, while also underscoring the potential problems with some current arrangements and making it even more difficult for plans that are not in compliance to say they 'didn't get the memo.' "

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