We would
like you to be aware that the IRS has posted new guidelines for FSA Medical
reimbursement in Bulletin
2007-50 and have updated the dependent definition in Notice 2008-5.
Important information in IRB 2007-50 includes commentary on Revenue Ruling 2007-71,
concerning 2008 covered compensation tables, Ruling 2007-72, regarding
diagnostic medical procedures, and Announcement 2007-112, which revises
Procedure 2007-65, 2007-45 IRB 967 regarding “Safe Harbor”.
Notice 2008-5 clarifies the definition of “dependent” under section 152(d) as well as
clarifying the definitions of “qualifying child” and “qualifying relative”
under the Code.
