These regulations provide guidance to
employers that provide qualified transportation fringe benefits
under section 132(f), including guidance to employers that provide
cash reimbursement for qualified transportation fringes and
employers that offer qualified transportation fringes in lieu of
compensation. Employers that provide cash reimbursement are
required to keep records of documentation received from employees
who receive reimbursement. Employers that offer qualified
transportation fringes in lieu of compensation are required to keep
records of employee compensation reduction elections.
US Code:
26 USC 132 (f)(4) Name of Law: Qualified Transportation Fringe-
No Constructive Receipt
US Code:
26 USC 132 (f)(c) Name of Law: Qualified Transportation Fringe-
Qualified Parking
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.