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Posted

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.

Posted

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

Posted

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.

  • 1 month later...

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