Treasury Defends Ability To Enforce Health Savings Account Rules

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Treasury Defends Ability To Enforce Health Savings Account Rules
Roth & Company, P.C.

June 3, 2004

Excerpt: The Treasury responded last week to a statement implying that the IRS would be unable to police withdrawals from HSAs. Kevin Knopf, Benefits Tax Counsel for the Treasury Department, told a luncheon audience the requirement that HSA withdrawals be spent on medical expenses to qualify for tax-free treatement would be difficult to enforce.

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