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IRS: Tax Trouble Ahead for Some Purported Collectively Bargained Welfare Benefit Funds
Internal Revenue Service [IRS] 
[Official Guidance] Apr. 11, 2003
Notice 2003-24. Excerpt: The Internal Revenue Service and the Treasury Department have become aware of certain arrangements purporting to qualify as collectively-bargained welfare benefit funds excepted from the account limits of § 419 and § 419A of the Internal Revenue Code. This notice alerts taxpayers and their representatives that the tax benefits purportedly generated by these transactions are not allowable for federal income tax purposes.
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