BonoConsilio
Aug 12 2009, 08:04 AM
The 2008 990 asks some new questions related to tax-exempt entities including governance and policies of the organization such as "conflict of interest" and "whistleblower" policies. These questions do not seem particularly relevant to medical/health plans exempt under 501(c)(9) as opposed to a 501(c)(3) or other tax-exempt organization. How are these questions being answered for VEBA's like a medical/health plan in that Part VI and in schedule O? I'm inclined to just state "not applicable" on schedule O for many of the questions.
Chaz
Nov 9 2009, 10:45 AM
Anyone have any thoughts on this?
vebaguru
Nov 13 2009, 12:30 PM
I tend to agree with you. The form seems to anticipate an non-profit association and asks relevant governance and policies questions. But they don't seem to apply to a VEBA which is a trust being used to fund medical (or other permitted) benefits. Unfortunately, N/A is not one of the boxes you can elect and if you insist in manually putting N/A on the form it will not go through processing. I would follow Nancy Reagan's advice.
Sieve
Nov 13 2009, 05:21 PM
Which is . . .?
WDIK
Nov 16 2009, 12:02 PM
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