Jump to content

Death Benefits Paid by a VEBA

Guest Iwonder

Recommended Posts

Guest Iwonder

A non-participant received a death benefit from a VEBA.

Despite alot of research, the following questions remain:

1. Death benefits from VEBAs are non-taxable to the recipient/beneficiary, is that correct?

2. Should the beneficiary receive a 1099-Misc in the amount of the benefits? Or, would some other variation of 1099 be more appropriate?

3. Should the IRS receive any Form disclosing the distribution of the death benefits (Form 1096)? And, if so, what IRS Form should the distribution be reported to the IRS?

Any and all guidance from VEBA experts would be greatly appreciated, and gratefully applied.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...