Internal Revenue Bulletin: 2008-25 |
June 23, 2008 |
Table of Contents
- Highlights of This Issue
- Preface
- Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
- Part III. Administrative, Procedural, and Miscellaneous
- Notice 2008-51
- BACKGROUND
- HEALTH OPPORTUNITY PATIENT EMPOWERMENT ACT OF 2006
- Tax treatment of qualified HSA funding distributions
- Qualified HSA funding distribution only from certain types of IRAs
- Maximum amount of qualified HSA funding distribution
- One-time qualified HSA funding distribution
- No deemed distribution date
- Procedures for making the transfer from an IRA to an HSA
- Testing period rules
- No interaction between testing periods
- Application of § 223(b)(8)(B) testing period to contributions which are not qualified HSA funding distributions
- HSA distributions not used for qualified medical expenses
- EXAMPLES
- REPORTING AND WITHHOLDING
- EFFECTIVE DATE
- DRAFTING INFORMATION
- Notice 2008-52
- ANNUAL HSA CONTRIBUTION LIMIT
- HDHP deductible limit on annual HSA contributions repealed
- Annual HSA contribution limits for 2007 and later years
- Sum of the monthly contribution limits
- Full contribution rule
- The testing period
- Failure to remain an eligible individual during the testing period
- Excise tax on excess contributions
- HSA distributions not used for qualified medical expenses
- Establishing HSAs
- EXAMPLES
- NO EFFECT ON HSA ESTABLISHMENT DATE
- REPORTING
- EFFECTIVE DATE
- INTERACTION WITH § 408(d)(9)
- EFFECT ON OTHER DOCUMENTS
- DRAFTING INFORMATION
- Notice 2008-51
- Part IV. Items of General Interest
- Definition of Terms and Abbreviations
- Numerical Finding List
- Effect of Current Actions on Previously Published Items
- How to get the Internal Revenue Bulletin
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