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Form 888 Example

Form 888 Example

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Video instructions and help with filling out and completing Form 888 Example

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Instructions and help about form 888 sample answers

video will be reviewing IRS form 8889 health savings accounts also known as hsas this is a one-page tax form before we go through the form itself we are going to go over a couple of administrative items with regards to this tax form the purpose of this form is to one report HSA contributions those include contributions made on your behalf and employer contributions two calculate your HSA deduction three report distributions from hsas and four determine amounts that you must include in income in any additional tax that you may owe if you fail to be an eligible individual you must file form 8889 if any of the following applies to you one you or someone on your behalf to include your employer made contributions to your HSA during the tax year two you received HSA distributions during the tax year three you must include certain amounts in income because you failed to be an eligible member eligible individual during the testing period and four you acquired an interest in an HSA because of t

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