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What information is reported to the IRS?

April 26, 2017IRS reported

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What information is reported to the IRS?

2 Answers

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(Back to top) We do not supply information to the IRS related to an individual HRA. The plan sponsor, your employer, may be required to file an IRS form 5500 which includes participation and total disbursement information (does not include individual HRA information).

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(Back to top) The HSA custodian or trustee is required to report the total contributions made to your HSA each year as well as the total amount of funds taken from the account each year. This information is reported on Form 5498 and Form 1099-SA respectively; both forms must be sent to you as the account holder and to the IRS.