As always this time of the year, the IRS has been extremely busy releasing new items. Some of these are as follows.

"Qualifying Child"  Fact Sheet. IRS has posted a fact sheet explaining the recent change to the "qualifying child" definition.
Click here to view the fact sheet.

IRS Information Letter on Double-Dipping Transportation Plans. IRS has released an Information Letter which shows their disapproval of double-dipping § 132 Transportation Plans.
Click here to read the letter.

Final Version of Form 8889 and Instructions. IRS has released the final version (replacing draft version released in 2004) of Form 8889 for Health Savings Accounts (HSAs). Account holders are required to attach this form to their Form 1040s to report HSA information. No substantive changes were made.
Click here to view the Form 8889.
Click here to view the Instructions.

Tax Treatment of HSA Contributions by Partnerships and S Corporations. IRS Notice 2005-8 (Jan. 12, 2005) addresses the tax treatment of HSA contributions made by (1) partnerships on behalf of partners and (2) S Corporations on behalf of two percent shareholder/employees.
Click here to read notice.

Final 401(k) and 401(m) Regulations. On December 29, 2004, IRS released finalized 401(k) and 401 (m) regulations that were issued in proposed form on July 17, 2003. In addition to clarifying and modifying existing guidance, these regulations add new anti-abuse and hardship provisions.
Click here to view a copy of the Press Release.
Click here to view a copy of the regulations (Treas. Reg. Secs. 1.401(k)-0 through 1.401(k)-6 and 1.401(m)-0 through 1.401(m)-5, 69 Fed. Reg. 78143 (Dec. 29, 2004).