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IRS Priority Guidance 2007-2008

30. August 2007 10:43

IRS priority guidance list for fiscal year 2007-2008 which began July 1, 2007 was published on August 13, 2007. 

Highlights include:

  • Guidance on automatic enrollment as added by the Pension Protection Act of 2006.
  • Guidance on Form 5500 reporting as a result of the Pension Protection Act of 2006.
  • Guidance on issues on Health Savings Accounts (HSAs)
  • Guidance on welfare benefit funds.
  • Guidance on deductions for contributions to a welfare benefit fund.
  • Final regulations under section 3121 regarding the definition of salary reduction agreement.
  • Proposed regulation under section 4980G regarding calculation of the applicable premium for COBRA continuation coverage.
  • Final regulations under section 4980G on comparable HSA contributions. Proposed regulations were published on June 1, 2007.

For the complete list, click here.

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