Regulatory and Legislative

IRS Posts 2020 Tax Year Health Savings Arrangement Publication

The IRS has posted the 2020 tax year Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. This publication is intended to provide information useful in the preparation of 2020 federal individual income tax returns, for those who have such tax-favored accounts as health savings accounts, Archer medical savings accounts, and health reimbursement arrangements. This version of Publication 969 will be reviewed for any changes of significance from the prior year version.

Health and Welfare Forms and Publications Savings Individual IRS

Regulatory and Legislative

IRS Provides 2024 Electronic Filing Relief for Form 5330

The IRS notes in a new post that electronic filing of Form 5330, Return of Excise Taxes Related to Employee Benefit Plans, will not be required for the remainder of the 2024 taxable year—confirming that taxpayers may continue to file by paper.

Regulatory and Legislative

Retirement Plan Disaster Assistance May Be Available for New Hampshire Severe Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on July 10, 2024, for New Hampshire severe winter storm and flooding.

Regulatory and Legislative

Retirement Plan Disaster Assistance May Be Available for Texas Hurricane Beryl

The Federal Emergency Management Agency issued a Major Disaster Declaration on July 9, 2024, for Texas hurricane Beryl.