[Federal Register Volume 70, Number 235 (Thursday, December 8, 2005)]
[Proposed Rules]
[Pages 72953-72954]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-7013]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 54

[REG-138647-04]
RIN 1545-BE30


Employer Comparable Contributions to Health Savings Accounts 
Under Section 4980G; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking that was published in the Federal Register on Friday, August 
26, 2005 (70 FR 50233) providing guidance on employer comparable 
contributions to Health Savings Accounts (HSAs) under section 4980G.

FOR FURTHER INFORMATION CONTACT: Barbara E. Pie at (202) 622-6080 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking (REG-138647-04) that is the 
subject of this correction is under section 4980 of the Internal 
Revenue Code.

Need for Correction

    As published, REG-138647-04 contains errors that may prove to be 
misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-138647-04), which was the subject of FR Doc. 05-16941, is 
corrected as follows:
    1. On page 50235, column 1, in the preamble under the paragraph 
heading ``Calculating Comparable Contributions'', first paragraph, line 
21, the language, ``under employer's HDHP. The proposed'' is corrected 
to read ``under the employer's HDHP. The proposed''.


Sec.  54.4980G-4  [Corrected]

    2. On page 50241, column 2, Sec.  54.4980G-4, A-1(b), Example 8, 
line

[[Page 72954]]

9, the language ``H contributes $500 to the HSA of each of'' is 
corrected to read ``H contributes $500 to the HSA of each''.
    3. On page 50241, column 2, Sec.  54.4980G-4, A-2, line 3 from the 
bottom of the paragraph, the language ``back-basis as described in Q & 
A-3 in'' is corrected to read ``back basis as described in Q & A-3 
in''.
    4. On page 50242, column 1, Sec.  54.4980G-4, A-3(c), Example 1, 
paragraph (i)(D), line 3, the language ``individual and employed by 
Employer from'' is corrected to read ``individual and employed by 
Employer J from''.
    5. On page 50242, column 1, Sec.  54.4980G-4, A-3(c), Example 2, 
line 3, the language ``contributes on a monthly pay-as-you-go-basis'' 
is corrected to read ``contributes on a monthly pay-as-you-go basis''.
    6. On page 50242, column 1, Sec.  54.4980G-4, A-3(e), the Example, 
line 3, the language ``contributes on a look-back-basis to the HSAs'' 
is corrected to read ``contributes on a look-back basis to the HSAs''.
    7. On page 50242, column 2, Sec.  54.4980G-4, A-4(a), line 15 from 
the bottom of the paragraph, the language ``also contribute on a pre-
funded-basis to'' is corrected to read ``also contribute on a pre-
funded basis''.
    8. On page 50243, column 1, Sec.  54.4980G-4, A-7(a), line 3, the 
language ``determined by rounding to nearest'' is corrected to read 
``determined by rounding to the nearest''.

Cynthia Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E5-7013 Filed 12-7-05; 8:45 am]
BILLING CODE 4830-01-P