INCOME TAX

Rev. Rul. 2004–38, page 717. Health Savings Accounts (HSAs). This ruling provides that if an individual is covered by both a high deductible health plan (HDHP) that does not cover prescription drugs and by a separate prescription drug plan (or rider) that provides benefits before the minimum annual deductible of the HDHP has been satisfied, that individual is not an eligible individual under section 223(c)(1)(A) of the Code and may not make contributions to a Health Savings Account.

Rev. Rul. 2004–40, page 716. Low-income housing credit; satisfactory bond; “bond factor” amounts for the period April through June 2004. This ruling announces the monthly bond factor amounts to

Finding Lists begin on page ii.