Guidance Forthcoming on HSA Contribution Issue

By Ascensus October 31, 2005

October 31, 2005 – An IRS official speaking at an American Bar Association function last week in Washington, D.C., indicated that there will be follow-up…

IRS Releases 2006 COLAs for Health Savings Accounts

By Ascensus October 31, 2005

October 31, 2005 – The IRS has issued Revenue Procedure (Rev. Proc.) 2005-70 containing the 2006 cost-of-living adjustments (COLAs) associated with health savings accounts (HSAs)….

IRS Settlement Initiative on Abusive Tax Shelters

By Ascensus October 31, 2005

October 31, 2005 – The IRS has released information in Announcement 2005-80 on a settlement reached with taxpayers participating in a variety of tax shelter…

IRS Issues Hurricane Wilma Relief

By Ascensus October 27, 2005

October 27, 2005 – The IRS has issued News Release IR-2005-128 granting qualifying taxpayers who are victims of Hurricane Wilma an extended period of time…

November 2005 Interest Rates

By Ascensus October 21, 2005

October 21, 2005 – The IRS has released the applicable federal interest rates for November 2005 as posted in Revenue Ruling 2005-71. These rates are…

Hope Waning for Pension Reform Bill

By Ascensus October 20, 2005

October 20, 2005 – Chances for 2005 passage of S. 1783, the Pension Security and Transparency Act, appear to be dimming. The Pension Security and…

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