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Employers Who Provide Welfare Benefits on a Pre-Tax Basis Must Have a Plan Document in Place by January 1, 2009
31 March 2008
The Internal Revenue Service (IRS) recently issued proposed regulations under Section 125 of the Internal Revenue Code (Code). This Code provision regulates the ability of an employer to provide its employees the opportunity to receive certain, qualified benefits, on a pre-tax basis through a Cafeteria Plan, which may also be known as a Flexible Benefit Plan or § 125 Plan. The proposed regulations are intended to be effective on January 1, 2009, but employers may rely upon them now.
Article written by Kristen Belz Ornato.
View Employers Who Provide Welfare Benefits on a Pre-Tax Basis Must Have a Plan Document in Place by January 1, 2009
Author: Cynthia Tonet-Stewart
Firm: Thorp Reed & Armstrong, LLP
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