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FROM THE IRS:
IRC 501(c)(9) exempts from federal income tax the voluntary employees' beneficiary association (VEBA) providing for the payment of life, sick, accident or other benefits to its members (or their dependents or designated beneficiaries) if no part of the net earnings inures (other than through such payments) to the benefit of any private shareholder or individual.
So, there you go. They allow it.
Originally Posted by Professor
Allow me to help you out:FROM THE IRS:
IRC 501(c)(9) exempts from federal income tax the voluntary employees' beneficiary association (VEBA) providing for the payment of life, sick, accident or other benefits to its members (or their dependents or designated beneficiaries) if no part of the net earnings inures (other than through such payments) to the benefit of any private shareholder or individual.
So, there you go. They allow it.
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Back to your old, shilling ways I see. I called it months ago.
Looks like you need to update your talking points.Originally Posted by Purple Drank
We have no idea if the irs will sign off on the scheme you are trying to pass off as fact. Back to your old, shilling ways I see. I called it months ago.