IRS releases final regs for comparable contributions for HSAs
The regulations also cover instances when an employer accelerates contributions for the calendar year for employees who have incurred qualified medical expenses.
The IRS's new regulations went into effect April 17 and apply to employer contributions made for calendar years beginning on or after Jan. 1, 2009.
The information in the final regulations was reviewed and approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act of 1995, according to tradingmarkets.com.
For further information, the IRS recommends contacting Mireille Khoury, principal author of the regulations and Office of Division Counsel/Associate Chief Counsel, Tax Exempt and Government Entities. Khoury can be reached at 202.622.6080.