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‘Use It Or Lose It?’ Not Necessarily… A Closer Look at the Recent IRS Guidance on Flexible Spending Accounts

By Crowell & Moring on November 21, 2013
Posted in Employee Benefits, ERISA, Tax

The following article was originally prepared by Crowell & Moring, LLP on behalf of the American Benefits Council.

On October 31, 2013, the Internal Revenue Service (IRS) released Notice 2013-71 (Guidance), which modifies the existing “use-it-or-lose-it” rule for health flexible spending accounts (FSAs) set forth in proposed regulations under Section 125 of the Internal Revenue …

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Crowell & Moring’s C&M Health Law blog is committed to providing real-time analysis and commentary on the latest developments in health care law and policy. Our attorney authors are part of a diverse and growing practice from coast to coast. We understand that health care organizations need legal representation that cuts directly to the heart of any issue, whether in litigation, government investigations, regulatory compliance, or business collaborations and acquisitions. Our lawyers have deep experience in health care antitrust, managed care, fraud and abuse (including Stark, anti-kickback and False Claims Act matters), and privacy litigation, among other key regulatory areas. For more on Crowell & Moring’s health care practice …

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