Reply to Flex Spending Childcare Fund?

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[quote=Anonymous]A Flex Spending Acct. is tax~free money saved in an acct. for childcare that must be used up by a certain time or the money is forfeited. Your bosses saved it in a separate work acct. and don't have to pay taxes on it, but they do have to utilize it by a certain date or they lose every penny of it.

I don't see why they didn't mention this to you at the onset of your employment. I am sure they knew this money existed. Since they paid you in cash payment, there really is no paper trail as of now that you worked for them so I would just not send them my #SSN. Yes, it would be legal now and through the IRS since it would be going through this acct.

If I were in your shoes, as long as she didn't know where I lived, I would blow her off.

It is totally irresponsible of them to not inform you prior of this action.

My guess is they were using the money for other child~related things and realized they had some left over money and since it has to be spent soon, they thought, "Oh...Let's just contact our Summer sitter and get her to give us her TIN, Tax Iden. Number = #SSN so we can apply the money to that..." which I find kinda shady and irresponsible. It's like a last thought so they do not waste any of their monies.[/quote]

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