IRS Expands Previous Florida Storm Relief

By Ascensus February 28, 2007

February 28, 2007 – The IRS has issued news release NFL-2007-22 broadening tax filing and tax-related act deadline relief for residents affected by recent Florida…

IRS Issues Announcement on Reporting of MSAs

By Ascensus February 26, 2007

February 23, 2007 – The IRS has issued Announcement 2007-24 informing custodians and trustees of Archer medical savings accounts (MSAs) that they must report to…

IRS Issues Guidance on FSA, HRA to HSA Rollovers

By Ascensus February 22, 2007

February 21, 2007 – The IRS has issued Notice 2007-22 providing guidance on the rollover of balances in employer health reimbursement arrangements (HRAs) and employer…

March 2007 Interest Rates

By Ascensus February 22, 2007

February 21, 2007 – The IRS has released the applicable federal interest rates for March 2007 as posted in Revenue Ruling 2007-15. These rates are…

Updated MSA Form 8851 Issued by IRS

By Ascensus February 22, 2007

February 21, 2007 – The IRS has issued a February 2007 Form 8851, Summary of Archer MSAs.  This form is filed by financial organizations that…

DOL Guidance for Terminated, Abandoned Plans

By Ascensus February 21, 2007

February 20, 2007 – The Department of Labor’s Employee Benefits Security Administration (EBSA) has issued amended final regulations and an accompanying amended prohibited transaction exemption…

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