Daily Tax Update - January 27, 2015: IRS Issues Qualified Nonprofit Health Insurance Issuer Regulations

IRS Issues Qualified Nonprofit Health Insurance Issuer Regulations:  Yesterday, the IRS issued final regulations under Section 501(c)(29), authorizing the IRS to prescribe the procedures by which certain nonprofit health insurance issuers may apply to the IRS for recognition of exemption from federal income tax.

IRS Releases Statistics on IRAs:  The IRS Statistics on Income program has released statistics for taxpayers with individual retirement arrangements for the 2011 and 2012 tax years.  Information for both traditional and Roth IRAs is provided.