Wash. Admin. Code § 415-106-290
Current through Register Vol. 25-01, January 1, 2025
Compensation you receive and apply toward a benefit plan under Internal Revenue Code (IRC) section 125 is reportable compensation if you have an absolute right to receive cash or deferred cash payments instead of participating in the plan. If there is no cash option, the value of participating in the plan is not reportable compensation. See WAC 415-106-295.
Wash. Admin. Code § 415-106-290
Statutory Authority: RCW 41.50.050(5), chapter 41.37 RCW and IRS regulations. 08-02-046, §415-106-290, filed 12/27/07, effective 1/27/08.