With New Guidance, IRS Extends Cafeteria Plan Election Flexibility Into 2021

The Internal Revenue Service (IRS) recently issued Notice 2021-15 to clarify certain aspects of the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the Act), and to extend cafeteria plan election flexibility in 2021 that was allowed in 2020....
By: Laner Muchin, Ltd.

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