June 2006 Interest Rates

By Ascensus May 17, 2006

June 17, 2006 – The IRS has released the applicable federal interest rates for June 2006 as posted in Revenue Ruling 2006-29. These rates are…

House and Senate Pass Tax Bill

By Ascensus May 12, 2006

May 12, 2006 – The U.S. House and Senate both passed the Tax Increase Prevention and Reconciliation Act (H.R. 4297) this week, and President Bush…

IRS Issues Updated Plan Correction Program Guidance

By Ascensus May 8, 2006

May 8, 2006 – The IRS has issued Revenue Procedure 2006-27, updating the Employee Plans Compliance Resolution System (EPCRS) that outlines correction of retirement plan…

HSA Enhancement Bill Introduced in House

By Ascensus May 4, 2006

May 4, 2006 – Rep. Eric Cantor (R-Va.) yesterday introduced H.R. 5262, the Tax-Free Health Savings Act of 2006. The bill embodies Health Savings Account…

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