Internal Revenue Bulletin:  2008-20 

May 19, 2008 


Table of Contents

T.D. 9391 T.D. 9391

Final regulations under section 937(b) of the Code provide rules for determining whether income is considered to be from sources within the U.S. territories of American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, or the U.S. Virgin Islands, and whether income is considered effectively connected with the conduct of a trade or business within a territory. The regulations also provide operative rules for taxation of income applicable to bona fide residents and other persons with income from a territory under related provisions of the Code, particularly sections 931 through 935. Rev. Rul. 56-127 obsoleted.

T.D. 9393 T.D. 9393

Final regulations under section 4980G of the Code provide guidance on employer comparable contributions to Health Savings Accounts (HSAs) in instances where an employee has not established an HSA by December 31st and in instances where an employer accelerates contributions for the calender year for employees who have incurred qualified medical expenses.

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