Panelists:
Alden J. Bianchi, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC, Boston, MA
Kevin Knopf, Attorney-Advisor, Office of Benefits Tax Counsel, U.S. Department of the Treasury, Washington, DC
Mireille Khoury, Attorney, Health and Welfare, Office of Division Counsel/Associate Chief Council, Internal Revenue Service, Washington, DC
Elizabeth Purcell, Assistant Branch Chief, Health and Welfare, Office of Division Counsel/Associate Chief Council, Internal Revenue Service, Washington, DC
Mark L. Stember, Kilpatrick Stockton LLP, Washington, DC
It was almost 30 years ago that Congress first adopted IRC Section 125 that authorized cafeteria plans. Since then, new plans have developed and faced a patchwork of temporary and proposed regulations, as well as revenue rulings and other advice. Now Treasury and the IRS have organized that patchwork into comprehensive proposed regulations that address the realities of the 21st Century. Listen to the drafters of those regulations explain the meaning of the regulations and leading practitioners discuss the impact on real plans. The teleconference will explain:
· New proposed Cafeteria and Dependent Care Plan Regulations, and how they differ from existing advice
· New Cafeteria Plan non-discrimination rules which prohibit favoring highly compensated employees
· Changes you will have to make in your plans in order to comply
· When these regulations will go into effect
· How the regulations will be enforced
