Southern Company is an American gas and electric utility holding company based in the southern United States. It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama. The company is currently the second largest utility company in the U.S., in terms of customer base.
Using a Flexible Spending Account (FSA) If you have a health plan through a job, you can use a Flexible Spending Account (FSA) to pay for copayments, deductibles, some drugs, and some other health care costs. Using an FSA can reduce your taxes.
IRS Allows Employers to Provide Grace Period For Flexible Spending Accounts On May 18, 2005, the Internal Revenue Service issued Notice 2005-42 which permits employers to adopt a grace period of up to 2Â½ months after a plan year for participants in flexible spending accounts (FSAs) to use FSA funds which were unused during that plan year. This is a welcome change for FSA participants. Background.