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Valley View School District 365U Section 125 Flexible Spending Enrollment Form EMPLOYEE INFORMATION: Name(LAST, FIRST):, SSN #:Address:City:Date of Birth: Family Status:/ Single/State: MaleMarriedEIN#:Zip:Female
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How to fill out flex benefits-section 125

How to fill out flex benefits-section 125
01
Understand what flexible spending account (FSA) options are available through your employer's Section 125 plan
02
Review the different types of eligible expenses that can be paid for using FSA funds
03
Decide how much money you want to contribute to your FSA for the year
04
Enroll in your employer's Section 125 plan during the open enrollment period
05
Keep track of your FSA expenses throughout the year and submit reimbursement claims as needed
Who needs flex benefits-section 125?
01
Employees who want to use pre-tax dollars to pay for eligible healthcare and dependent care expenses
02
Employers who want to offer their employees a tax-advantaged way to pay for healthcare and dependent care expenses
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What is flex benefits-section 125?
Flex benefits-section 125 refers to a section of the IRS code that allows employees to use pre-tax dollars to pay for certain health or dependent care expenses.
Who is required to file flex benefits-section 125?
Employers who offer flexible spending accounts (FSAs) or other types of cafeteria plans are required to file flex benefits-section 125.
How to fill out flex benefits-section 125?
Employers must complete and file Form 5500 or Form 5500-SF with the IRS to report flex benefits-section 125.
What is the purpose of flex benefits-section 125?
The purpose of flex benefits-section 125 is to provide employees with a tax-efficient way to pay for certain expenses, such as healthcare or dependent care.
What information must be reported on flex benefits-section 125?
Employers must report the total contributions made by employees to their flex benefits plan, as well as any reimbursements made to employees for eligible expenses.
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