In an effort to make health flexible spending arrangements (FSAs) more consumer-friendly and flexible, the U.S. Department of Treasury and the IRS have issued a change to the “use-or-lose” rule. Until now, health FSAs with account balances remaining at the end of the year are forfeited. The rule change will permit employers to allow employees […]
Archives for November 2013
IRS Phone Scam Warning
The IRS is currently warning taxpayers regarding a phone scam occurring nationwide. In this scam, a taxpayer is informed of the amount of money he or she owes to the government and is then given a couple of choices to pay off the debt immediately to avoid jail time or loss of a driver’s license […]