DEPARTMENT OF THE TREASURY Internal Revenue Service

[4830-01-p]. DEPARTMENT OF THE TREASURY . Internal Revenue Service 26 CFR Part 1. [REG-142695-05]. RIN 1545-BF00. Employee Benefits - cafeteria Plans AGENCY: Internal Revenue Service (IRS), TREASURY . ACTION: Withdrawal of prior notices of proposed rulemaking, notice of proposed rulemaking and notice of public hearing. SUMMARY: This document contains new proposed regulations providing guidance on cafeteria plans. This document also withdraws the notices of proposed rulemaking relating to cafeteria plans under section 125 that were published on May 7, 1984, December 31, 1984, March 7, 1989, November 7, 1997 and March 23, 2000. In general, these proposed regulations would affect employers that sponsor a cafeteria plan, employees that participate in a cafeteria plan, and third-party cafeteria plan administrators. DATES: Written or electronic comments must be received by November 5, 2007. Outlines of topics to be discussed at the hearing scheduled for November 15, 2007, at 10 , must be received by October 25, 2007.

The collection of information in this proposed regulation is in §1.125-2 (cafeteria plan elections); §1.125-6(b)-(g) (substantiation of expenses), and §1.125-7 (cafeteria plan nondiscrimination rules). This information is required to file employment tax returns and Forms W-2. The collection of information is voluntary to obtain a benefit.

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  Services, Department, Internal, Revenue, Cafeteria, Treasury, Nondiscrimination, Department of the treasury internal revenue service

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