Trustees of health savings accounts, as well as participants, have some time left for reporting on 2012 accounts. And now they can begin preparing for 2013 reporting. The IRS has issued a reminder concerning the Form 5498-SA, “HSA, Archer MSA, or Medicare Advantage MSA Information,” for 2012 and 2013.
The IRS on March 5 reminded trustees that they have until May 31, 2013 to provide copies of the Form 5498-SA regarding 2012 HSAs to participants and the IRS; they are to send copy A to the IRS and copy B to participants.
The IRS also has made the Form 5498-SA for reporting on HSAs for 2013 are available. The due date for providing copies to participants and filing with the IRS is June 2, 2014.
HSA trustees can contact the IRS for information on the Form 5498-SA by calling (866) 455-7438 or (304) 263-8700 Monday – Friday, 8:30 a.m. – 4:30 p.m., Eastern time.
More information is available through Thompson’s HR Compliance Expert. The forms are available at http://www.irs.gov/pub/irs-pdf/f5498sa.pdf.