Detail Are VEBAs Worth Another Look ?   Oleh:  Ross, Allen F. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 187 no. 5 (1999), page 35-42. Topik: self-worth; VEBAs worth; look Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel When small business clients complain they don't have enough tax deductions and ask for effective ways to reduce or defer taxes, what should a CPA recommend ? While the exact answer depends on the individual facts and circumstances, there is a vehicle that, when properly designed, is a flexible - but underused - tax planning tool. It can reduce taxes for any type of business - sole proprietorship, partnership, S corporation, C corporation, limited liability company or limited liability partnership. The vehicle is an IRC section 501(c) (9) tax - exempt trust, commonly referred to as a voluntary employee beneficiary association (VEBA). A VEBA is an employee benefit plan whereby sponsoring employers can provide certain benefits for employees, including owner - employees. The discussion here focuses on VEBAs that qualify as 10 - or - more, multiple - employer health and welfare plans under IRC section 419A(f) (6). CPA s can help business owners tailor a VEBA to fit a variety of needs and provide a number of advantages : All contributions to and assets in the trust are protected from personal and business creditors. A properly constructed VEBA can provide millions of dollars in estate tax savings because the survivor benefits can be income - and - estate - tax - free, with no gift taxes. VEBA s can be beneficial in restructuring a business's buy-sell agreement. Assets in a VEBA accumulate and compound tax - deferred. A VEBA is flexible enough to allow businesses to make large deductible contributions in peak earning years and smaller or no contributions in lean years. CPA who thinks a VEBA may be the long - sought answer to a client's needs should read on to discover how, after more than 70 years, VEBAs still provide significant tax and other benefits to business owners and their employees. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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