Feb 4, 2019
Correction: Near the 13:50 mark we refer to a 6 percent excise tax for nonqualified distributions (withdrawals other than to reimburse qualifying medical expenses) from an HSA. The reference should have been to a 20 percent excise tax. The 6 percent tax applies to excess contributions to an HSA.
No, it's not déjà vu, the HSA fun continues! Part two picks up where we left off in the last episode. Ed and Scott help you "give the karate chop to the tax man" by covering:
The phenomenal white paper by Scott about HSA funding mistakes is available here.
All the technical details about HSAs straight from the horse’s mouth (IRS) can be found in Publication 969.