Guest Sheila S Posted February 18, 2000 Share Posted February 18, 2000 I have a situation with a VEBA in which a Form 1024 was filed within teh applicable time period (i.e, 15 months rule) and a dtermination leter was recieved recognizing teh VEBA's tax-exepmt staus. Now, teh VEBA is going to be amended (in conjunction with the plan it funds). Should we file a new 1024 to ensure that the tax-exepmt status of the VEBA remains intact after the changes? Link to comment Share on other sites More sharing options...
vebaguru Posted February 18, 2000 Share Posted February 18, 2000 If the change made to the trust itself, or to any other documents forming a part of the VEBA (such as the plan document, if separate) was material, you should file for a new letter of determination Link to comment Share on other sites More sharing options...
Kirk Maldonado Posted February 19, 2000 Share Posted February 19, 2000 Technically, you should file one. However, that same situation happened to me and I filed for a new determination letter. The IRS reviewer called me to ask why I filed an application for a new determination letter. He said you've already got one, why do you think you need another? I think it is a fair characterization that the Exempt Organizations part of the IRS is very different from the Employee Plans part of the IRS on this issue. Kirk Maldonado Link to comment Share on other sites More sharing options...
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