It makes unforgetable memories. Just like there is nothing that compares to a Puerto Rican Navidad, nothing compares with what Puerto Ricans go through their first Christmas away from the Island. It is indeed a triste Navidad like the song says. Puerto Ricans traditionally continued to celebrate Las Navidades until after Los Reyes.
In January of each year, you should receive Form 1099-SA, which will indicate the total distributions you took from your HSA during the previous year. Distributions are not taxed if you spent the money on qualified medical expenses. In January of each year, you will receive an HSA Statement of Account, which serves as a substitute 5498-SA form. This statement will include your Fair Market Value. The Fair Market Value will include the balance in your HSA tiered rate account and your mutual fund investment balance as of year end.
8889 regarding your HSA. From HSA Bank, you may receive a Year-End Status Report, IRS Form 1099-SA and IRS Form 5498-SA. These forms are available online via Internet Banking. If you need additional information or tax advice, consult a qualified tax advisor or the IRS at www.irs.gov. Forms Provided by HSA Bank 1. Year-End Status Report The report, sent in January, shows a summary of all your account activity for the calendar year. The information includes account balances, contributions, distributions, fees charged and earnings on the account. This report also provides instructions and refers you to the forms you need for filing your HSA-related tax information. 2. IRS Form 5498-SA (Contributions) The form, sent in January, provides you with all the contributions made to your HSA in 2013. HSA contributions for the 2013 tax year can be made up until April 15, 2014. (Note: The IRS does NOT allow an extension of time to contribute to an HSA, even if you have an extension for filing your taxes).