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2007 Instructions for Form 8853 Archer MSA's and Long-Term Care Insurance Contracts Section references are to the Internal Revenue Code unless otherwise noted. Department of the Treasury Internal
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What is instructions for form 8853?
Form 8853 is used to report contributions to and distributions from a Health Savings Account (HSA) or Archer Medical Savings Account (Archer MSA). It also calculates the additional tax on distributions not used for qualified medical expenses.
Who is required to file instructions for form 8853?
Any taxpayer who has made contributions to an HSA or Archer MSA, or who has taken distributions from these accounts, must file Form 8853.
How to fill out instructions for form 8853?
To fill out Form 8853, you will need to provide information on your HSA or Archer MSA contributions, distributions, and any additional tax owed. You must follow the specific instructions provided by the IRS for each section of the form.
What is the purpose of instructions for form 8853?
The purpose of Form 8853 is to report and calculate taxes related to HSA and Archer MSA contributions and distributions. It ensures compliance with tax laws and helps determine any additional tax liabilities.
What information must be reported on instructions for form 8853?
On Form 8853, you must report the amounts contributed to your HSA or Archer MSA, the amounts distributed from these accounts, and any additional tax owed on non-qualified medical expenses. You may also need to provide other supporting information as required by the IRS.
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