New guidance may conflict with IRS rules

Article Abstract:

Issues regarding whether the Field Assistance Bulletin (FAB) 2003-3 plan expenses will be paid from the plan itself or by the plan sponsor or administrator are discussed. The FAB 2003-3 plan has halted its amendments until the IRS provides guidance on whether the allocation of expenses could violate the IRC's qualification requirements.

Author: Mamorsky, Jeffrey D., Nino, Deanna H.

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IRC section 79

Article Abstract:

The area of employee benefits is gaining vital importance and is a factor that cannot be ignored by the organizations. Internal Revenue Code (IRC) is the plan drawn in the light of section 79.

Author: Bell, Lawrence L.

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Subjects list: United States, Interpretation and construction, Tax law, Laws, regulations and rules, Government regulation, Employee benefits, United States. Internal Revenue Service
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