IRS Issues 2008 COLA-Indexed HSA Limits

By Ascensus May 15, 2007

May 15, 2007 – The IRS has issued Revenue Procedure (Rev. Proc.) 2007-36, providing the 2008 cost-of-living adjusted (COLA) amounts for health savings accounts (HSAs)….

IRS Grants Disaster Relief for Texas Counties

By Ascensus May 7, 2007

May 7, 2007 – The IRS has posted a news release (DAL-2007-22/HOU-2007-19) granting tax-related act deadline relief to residents of Maverick, Moore, and Swisher counties…

Final Regulations on Roth 401(k) Distributions

By Ascensus May 3, 2007

After more than a year of comments and waiting, the retirement plans industry received final Treasury regulations on designated Roth account distributions (Treas. Reg. 1.402A)….

Designated Roth Account Regulations Published

By Ascensus May 1, 2007

April 30, 2007 – The IRS has posted the final regulations on the taxation of distributions from designated Roth accounts under IRC Sec. 402A. These…

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