Cafeteria plans add flexibility to benefit programs while keeping after-tax costs down
Article Abstract:
The tax planning considerations and procedural requirements of cafeteria employee benefit plans are discussed. Cafeteria plans must have written documentation, and meet non-discrimination requirements. The IRS also requires employers to file an annual report for cafeteria plans. Cafeteria plans require more administrative work than other benefit plans, but cafeteria plans can help employers to provide benefits in a cost-effective manner.
Publication Name: Taxation for Accountants
Subject: Business
ISSN: 0040-0165
Year: 1987
User Contributions:
Comment about this article or add new information about this topic:
Proposed regulations on disparity in qualified plans issued
Article Abstract:
Recently released IRS Proposed Regulations concern permitted disparity in employer contributions to, and employer-derived benefits under, qualified plans. These rules relate to plans that might discriminate in favor of highly compensated employees, and are effective for plan years beginning after 1988. Their impact on defined contribution plans, defined benefit plans, combining plans, and final pay are discussed.
Publication Name: Taxation for Accountants
Subject: Business
ISSN: 0040-0165
Year: 1989
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Guidance issued on employee benefit areas under TRA '86. Service issues accrued vacation pay election guidelines under Section 463
- Abstracts: Rules on distributions from qualified plans are supplemented. Loss of IRA deductions makes 401(K) plans more attractive despite new limits
- Abstracts: Partnership audit Regs. are now effective. Prop. regs. ease partnership liability rules. Proposed regs. ease employment tax deposit rules
- Abstracts: The role of annual reports in gender and class contradictions at General Motors: 1917-1976. The 'real' cultural significance of accounts
- Abstracts: Mixed use of vacation home requires planning to avoid disallowance of related deductions. Some planning is available to mitigate the effect of the passive loss rules