The Internal Revenue Service has issued guidance on how employers can amend health flexible spending arrangements and dependent care assistance programs to respond to the coronavirus pandemic. The IRS expects many employees to have unused health FSA amounts or dependent care assistance program amounts at the end of 2020 and 2021.
IRS provides cafeteria plan relief for the pandemic
Sign up for CPA Letter Daily
The latest CPA news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.