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voluntary employees’ beneficiary association trust (VEBA)

Adding active employee benefits to a retiree VEBA didn’t create disqualified benefit

Adding active employee benefits to a retiree VEBA didn’t create disqualified benefit

PLR 201530022 In a private letter ruling (PLR), IRS has ruled on various aspects of a voluntary employees’ beneficiary association trust (VEBA) being allowed to use funds reserved for retiree benefits to pay for health benefits for active employees. In one of its holdings, the PLR said that such a use will not create a […]

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Court holds promoter of abusive VEBA penalized for making false or fraudulent statements

Court holds promoter of abusive VEBA penalized for making false or fraudulent statements

Koresko v. US, (DC-PA 8/19/2015) 116 AFTR 2d ¶ 2015-5165 A district court has concluded that the promoter of an abusive voluntary employees’ benefit association (VEBA) had to pay the Code Sec. 6700(a)(2)(A) penalty for making a false or fraudulent statement. The promoter, an attorney-CPA and acknowledged tax expert, should have known that his statements […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney