Bulletin No. 2005-23 June 6, 2005

for additional charitable contribution deductions based on the income received by or accrued to the donee organization with respect to the donated property.

Notice 2005–42, page 1204. This notice allows employers sponsoring cafeteria plans the option to amend the cafeteria plan document to provide a grace period after the end of the plan year, during which unused benefits or contributions remaining at the end of the immediately preceding plan year may be paid or reimbursed to participants for qualified benefit expenses incurred during the grace period. The grace period must not extend beyond the fifteenth day of the third calendar month following the end of the immediately preceding plan year.