6/3/2004: Treasury Defends Ability To Enforce Health Savings Account Rules (Roth & Company, P.C.)

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.