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January 20, 2009
Employer Comparable Contributions to Health Savings Accounts Under Section 4980G
SUMMARY: This document cancels a public hearing on proposed rulemaking providing guidance on employer comparable contributions to Health Savings Accounts (HSAs) under section 4980G of the Internal Revenue Code as mended by sections 302, 305, and 306 of the Tax Relief and Health Care Act of 2006. The proposed regulations also provide guidance relating to the requirement of a return to accompany payment of the excise tax under section 4980B, 4980D, 4980E or 4980G of the Code and the time for filing that return.
These proposed regulations would affect employers that contribute to employees' Health Savings Accounts and Archer Medical Savings Accounts, employers or employee organizations that sponsor a group health plan, and certain third parties such as insurance companies or HMOs or third-party HSA administrators who are responsible for providing benefits under the plan.
SUPPLEMENTARY INFORMATION: A notice of public hearing that appeared in the Federal Register on Wednesday, July 16, 2008 (73 FR 40793), announced that a public hearing on Health Savings Accounts was scheduled for October 30, 2008, at 10 a.m., in room 2116, Internal Revenue Building, 1111 Constitution Avenue, NW., Washington, DC. The subjects of the public hearing are under sections 4980B, 4980D, 4980E and 4980G of the Internal Revenue Code.
The public comment period for these regulations expired on October 14, 2008. Outlines of topics to be discussed at the hearing were due on October 13, 2008. The notice of proposed rulemaking and notice of public hearing instructed those interested in testifying at the public hearing to submit an outline of the topics to be addressed. As of Wednesday, October 15, 2008, no one has requested to speak. Therefore, the public hearing that was scheduled for October 30, 2008, is cancelled.
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Posted by Wiley Long at January 20, 2009 08:50 AM