Can a 501©(9) transfer transfer assets to another 501©(9) trust? For instance, can a SUB Fund transfer assets to an HRA account or a H/W Plan?
I have looked at GCM 39052 which seems to state that this can be done and does not violate the inurement rules. If my conclusion is incorrect or if you know of any other sources for this question, please let me know.
Full Version: Transfer from 501(c)(9) to another 501(c)(9)
QUOTE (benpat3 @ Nov 26 2007, 02:40 PM) 
Can a 501©(9) transfer transfer assets to another 501©(9) trust? For instance, can a SUB Fund transfer assets to an HRA account or a H/W Plan?
I have looked at GCM 39052 which seems to state that this can be done and does not violate the inurement rules. If my conclusion is incorrect or if you know of any other sources for this question, please let me know.
I have looked at GCM 39052 which seems to state that this can be done and does not violate the inurement rules. If my conclusion is incorrect or if you know of any other sources for this question, please let me know.
A secondary question is whether this transfer from one VEBA to another VEBA is a taxable event?
There are PLRs on point for both of these issues.
PLR200211053 is one relevent PLR. There are plenty more out there, but I just happened to be looking at this one last week.
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