HSA Trustee Services Provides 2006 U.S. Treasury HSA Tax Forms and Publications

Taxpayers will get an extra two days this year, until April 17, to file 2006 returns and pay taxes owed. For anyone just opening an Health Savings Account for 2006, must complete their application and deposit their money no later than April 17 (no exceptions). For individuals with existing HSA accounts, as long as their check is postmarked no later than April 17, it can be counted as a deposit for 2006. People need to be sure to indicate that this is a contribution for 2006.

Lake Geneva, WI (PRWeb) February 13, 2007 -- HSA Trustee Services, a nationwide leader in setting up Health Savings Accounts/HSAs, has posted the 2006 U.S. Treasury Department's Publication 969 Health Savings Accounts and other Tax-Favored Health Plans. Additional HSA Treasury forms posted for 2006 returns are IRS Instruction form 8889 Health Savings Accounts, form 8889 and form 8888 which allows for direct deposit of your return to your HSA or IRA.

If you had a Health Savings Account in 2006, these are the forms you need to file with your 2006 return. You may download these forms from their website www.hsatrusteeservices.com

Purpose of IRS Form 8889 is:

* Reporting HSA contributions (including employer contributions)

* Figuring your HSA deduction

* Reporting distributions from your HSA

Taxpayers will get an extra two days this year, until April 17, to file 2006 returns and pay taxes owed. For anyone just opening an Health Savings Account for 2006, they must complete their application and deposit their money no later than April 17 (no exceptions). For individuals with existing HSA accounts, as long as their check is postmarked no later than April 17, it can be counted as a deposit for 2006. People need to be sure to indicate that this is a contribution for 2006.

HSA Trustee Services would like to remind all HSA program participants that the final responsibility for qualified HSA contributions and distributions lies with the HSA account holder. Account holders are encouraged to save their health care receipts and all account records.

With the new enhanced HSA contribution limits for 2007 and beyond, HSA Trustee Services highly recommends you fully fund your HSA. If you are currently funding an IRA or 401K, you should consider funding your HSA first, as you can always get access to these funds for you and your dependents to use for qualified health care expenses while still receiving the tax benefits.

This information is provided with the understanding that HSA Trustee Services is not providing tax advice. Tax advice should be obtained from a professional tax advisor.

About HSA Trustee Services

HSA Trustee Services is a nationwide provider specializing in opening Health Savings Accounts (HSA) for individuals, families and groups since the inception of the HSA program in January 2004. HSA Trustee Services was the first HSA provider to offer a "no monthly fee" HSA which includes their exclusive "HSA Rx Card" for further savings on prescription drugs. For more information on this program, or the other benefits of using hsa Trustee Services, please call 866-hsa-2010 or visit the website at www.hsatrusteeservices.com. HSA Trustee Services is dedicated to "Keeping the $avings in the Health Savings Account".

###