Bug on my window Posted July 10, 2018 Posted July 10, 2018 Can you check both the 'trust' and 'general assets' boxes on line 9? A Health and Welfare plan with a trust (VEBA) pays for some expenses out of the trust, but pays others out of general company assets. Would you check both? TIA The above is my opinion only, not anyone else's. I'm not a lawyer nor do I play one on TV.
Kristina Posted July 10, 2018 Posted July 10, 2018 A welfare benefit plan can indeed mark both the Trust and General assets of the employer. A Qualified Retirement plan can never check the General assets of the employer box. Kristina
Flyboyjohn Posted July 10, 2018 Posted July 10, 2018 Yes, you can check both boxes but be careful that the only information included on Schedules C and H (and the only items included in the CPA audit) is the trust activity.
Bug on my window Posted August 14, 2018 Author Posted August 14, 2018 thank you! The above is my opinion only, not anyone else's. I'm not a lawyer nor do I play one on TV.
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