Advanced HSA Guidance Recorded Webinar

The IRS has issued additional guidance concerning the IRA-to-HSA Transfer, Excess HSA Contributions and a number of important issues are clarified. See how determining HSA excesses is very different from determining IRA excesses. Some apparent excess contributions cannot be removed, but are taxed and penalized. In addition some advanced topics are discussed including employer comparability and discrimination compliance, where substantial penalties apply for non-compliance.

IRS Notices 2008-51, 2008-52, and 2008-59 will be reviewed. Notice 2008-51 reviews Qualified HSA Funding Distributions from IRAs to HSAs. Notice 2008-52 discusses the Full-Year HSA Contribution Rule. Notice 2008-59 has 42 Questions & Answers on a various HSA topics, with some surprising information.

Many new rulings and clarifications were included in these Notices, including:

Taxable vs Non-taxable Funds
Inherited IRA Beneficiary Right
How are IRA RMDs affected ?
What is the Deadline for Completing the Transfer from an IRA ?
How does it affect the Annual Contribution Rules ?
Do Testing Periods affect Excess Contribution Rules ?
Two Separate Testing Period Calculations possible
New Needlessly Complicated Penalty Calculations !
How are IRA Substantially Equal Periodic payments affected ?
Who's Responsible for Determining Eligibility ?
What's the Ruling on Federal Income Tax Withholding Rules
Learn When an Apparent HSA Excess Contribution IS NOT AN EXCESS Contribution !
Review Individual examples to Help Clarify ?
The Importance of the HDHP Deductible
Clarifies the Exceptions to the HDHP Rule, with Some Surprises !
Learn How an HSA Custodian/Trustee can Restrict Certain Distributions
Can Employer HSA Contributions be for the Prior Tax-Year ?
Can an Employer Request the Repayment of an Excess-Contribution from the HSA Custodian/Trustee ?
Important Clarification on HSAs Borrowing
Also discussed will be Employer comparability and discrimination compliance