Today’s Federal Register is here.
Ronald Fink has this article for CFO.com–“Pigging Out? Special retirement plans for top executives are becoming a target for other stakeholders.”
BenefitNews.com provides this report: “Capitol Hill proposal includes LTC in cafeteria plan or FSA.” Democrat Bob Graham of Florida and Republican Charles Grassley of Iowa last week introduced the Long-Term Care and Retirement Security Act of 2003 which would authorize tax deductions on long term care insurance premiums and tax credits to individuals and their caregivers and let employers offer the insurance on a pre-tax basis as part of a cafeteria plan or flexible spending account. The bill gives companionship to a House version proposed by Reps. Nancy Johnson (R-Conn.) and Earl Pomeroy (D-N.D.).
“Can Our Company’s Health FSA Reimburse Claims for Physician Retainer Fees?”: EBIA Weekly seeks to answer the question here.
Today’s edition of the Wall Street Journal has this report: “Ernst to Pay $15 Million In IRS Tax-Shelter Case.” The Journal also carries this article–“Judge Jeers at Stock-Hype Case”–which provides background information behind the Merrill Lynch decision reported on yesterday in this post and gives us a glimpse of the character and personality of the the 96-year-old federal judge who wrote the “scathingly critical ruilng.”
The IRS just released Notice 2003-48, containing the weighted average interest rate update for plan years beginning in July 2003.
PlanSponsor.com provides this article–“IRS Limits Combined Small Business COBRA Exemption”–regarding Revenue Ruling 2003-70 reported on here this week.
John Caher for the New York Law Journal via Law.com provides this article: “N.Y. Court First to Rule on Telecommuting: Unemployment benefits available in state where employee is physically present.”