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Posted

I am very new to VEBAs. VEBA holds surplus assets, and accountant determined that it owes a large UBIT.  Can this be paid out of VEBA assets (as opposed to being paid by the company)? VEBA trust document is silent. 

  • 9 months later...
Posted

The question is, who owes the tax? The tax is assessed against the VEBA trust.  The question, therefore, should be, could anyone other than the VEBA trust pay Unrelated Business Income Taxes which are due?  And the answer is no.

https://www.irs.gov/charities-non-profits/unrelated-business-income-tax

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