EMPLOYEE PLANS
Internal Revenue Bulletin 2002-23 · 2026-10-03 edition · updated 2026-10-04 · United States
Rev. Rul. 2002–32, page 1069. Cafeteria plans . In an asset sale, transferred employees who have elected to participate in health flexible spending arrangements (FSAs) under the seller’s cafeteria plan may continue to exclude salary reduction amounts and medical reimbursements from gross income without interruption at the same level of coverage after becoming employees of the buyer.
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