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| | VEBA Source - Case: Neonatology v. Commissioner (Site not responding. Last check: ) |
 | | Neonatology established the Neonatology Plan under the SC VEBA on January 31, 1991, effective January 1, 1991, and the Malls were the only persons covered by that plan during the relevant years. |
 | | The Neonatology Plan paid the first-year premium, and, at the end of that year, the conversion credit [*35] balance was $ 9,288.90 ($ 10,653.50 - $ 1,764.60 + $ 400); the $ 400 is the interest of 4.5 percent earned on the conversion credit balance (($ 9,288.90 - $ 400) x 4.5% = $ 400)). |
 | | Respondent determined as a second alternative that, assuming the Neonatology Plan is a "welfare benefit fund", any deduction of the excess contributions was precluded by section 419; for this alternative, respondent determined that the SC VEBA was not a "10-or-more employer plan" under section 419A(f)(6) as asserted by petitioners. |
| www.vebasource.com /115tc43.html (17813 words) |
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