Certain income maintenance benefits not "other benefits" permissible under VEBAs
Article Abstract:
The IRS has indicated in General Counsel Memorandum 39879 that events triggering voluntary employees' beneficiary association (VEBA) benefits must be outside a person's control and impair or halt their earning power. This memorandum marks the first time the IRS has made clear that VEBA benefits will not enjoy the tax-exempt status of life, sickness or disability benefits if they are triggered by voluntary actions.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1992
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IRS expands scope of meaning of "change in control" under golden parachute rules
Article Abstract:
This article concerns IRS Private Letter Ruling 199920009 where the IRS found that the IRC section 280G golden parachute rules were not violated by an employer merger not resulting in a change of "effective control." The merger did not trigger the loss of employer tax deductions for compensation paid or the section 4999 excess payment excise tax penalty.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1999
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