Point & Counterpoint

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Interview

Points to Remember

Health Savings Accounts: A Primer

In the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, Congress permitted the creation of Health Savings Accounts (“HSAs”) by adding section 223. In Notice 2004-50 and Rev. Rul. 2005-25, the Service provided further guidance on the requirements and administration of HSAs. Most recently, in the Health Opportunity Patient Empowerment Act of 2006 (included in the Tax Relief and Health Care Act of 2006), Congress significantly expanded the attractiveness of HSAs. The discussion below is based on the law in effect following the 2006 legislative changes and includes the 2007 inflation-adjusted amounts provided in Rev. Proc. 2006-53...

Reports

Tax Section Survey Report on Independence of IRS Appeals

The Section recently surveyed its membership to determine their experience relating to the perceived independence of the Internal Revenue Service’s (“IRS” or “Service”) Appeals Division (“IRS Appeals” or “Appeals”). The Committee on Administrative Practice and a “Blue Ribbon” panel of members developed a seven-page survey instrument to solicit opinions from Section members who have had experience with Appeals in the recent past...

National Conference on the Tax Gap

On June 21-22, the Section, along with the American Institute of Certified Public Accountants, the American Tax Policy Institute, the Tax Executives Institute, and the American College of Tax Counsel, sponsored the National Conference on the Tax Gap. It brought together government officials, academics, and private practitioners, from both the United States and abroad, with the goal of helping policymakers address this difficult and important issue...

Boxscore & Calendar

Tax Bites

Committee Spotlight