IRS Issues HSA Partnership Guidance

The Internal Revenue Service has issued the guidance, IRS Notice 2005-8, to help explain how it will be applying deductibility provisions for ordinary partners, partners who receive payments for services rendered to a partnership, and “2-percent shareholder-employees” at an S Corporation.

The IRS has posted the guidance on the Web at //www.irs.gov/pub/irs-drop/n-05-08.pdf