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Acting IRS Commissioner Out in Tea Party Scandal

President Barack Obama announced the departure of Acting IRS Commissioner Steven Miller as a result of the ongoing scandal surrounding the IRS’s controversial methods for determining which organizations applying for Sec. 501(c)(4) status warrant further review.

Final Rules Require EIN Updates

The IRS issued final regulations requiring taxpayers that obtain EINs to update their information with the IRS.

HSA Inflation Adjustments Issued for 2014

The IRS issued the inflation-adjusted figures for the annual contribution limitation for HSAs and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans for calendar year 2014.