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#1
03-04-2005, 12:12 AM
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 Re: Flexible Spending accounts NLPC wrote: - quote - > If an employee has requested a yearly FSA of $2000 and in
No recourse. The offset to the employer is any amount that> the first month requests the entire $2000 for valid > expenses, does the employer have any recourse to recoup any > of the money if that employee leaves employment before > year's end? > NLPC an employee does not use in the year. It's the employee "use it or lose it" rule. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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03-03-2005, 11:15 PM
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| Re: Flexible Spending accounts NLPC wrote: - quote - > If an employee has requested a yearly FSA of $2000 and in
No. On the other hand, if the employee doesn't accure> the first month requests the entire $2000 for valid > expenses, does the employer have any recourse to recoup any > of the money if that employee leaves employment before > year's end? $2000 in the year, and report them by (usually) March of the following year, the employer keeps the money. (Medical FSAs are subject to COBRA, and there may be further complications if the employee has $2000 in covered charges accrued while employment was in effect, but not processed until after employment.) << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
03-03-2005, 06:49 AM
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| Flexible Spending accounts If an employee has requested a yearly FSA of $2000 and in the first month requests the entire $2000 for valid expenses, does the employer have any recourse to recoup any of the money if that employee leaves employment before year's end? NLPC << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| accounts, flexible, spending |
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