June 2021


Groom Law Group Asks IRS to Provide Guidance on Repurposing Surplus VEBA Assets

On May 28, Groom Law Group principals Louis Mazawey and Kathryn Bjornstad Amin sent a letter to the IRS, recommending that Treasury and the IRS publish official guidance confirming that the 100% excise tax on VEBA reversions would not apply when an employer “repurposes” surplus retiree benefit assets in a welfare benefit fund to provide health and other welfare benefits to active employees.

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