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The following statements are about 501(c)(9) trusts. Select the answer choice containing the correct statement:
Suggested Answer: C
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13 comments · newest first
AD
Adelle
11 months ago
Not sure about B, mandatory membership sounds fishy.
TU
Tula
12 months ago
Totally agree, C is the way to go!
DE
Desiree
12 months ago
Wait, can funds really revert to the employer? That sounds odd.
TI
Tien
1 year ago
I thought contributions were deductible, so C seems right!
PE
Penney
1 year ago
A 501(c)(9) trust is a voluntary employees' beneficiary association.
WI
Winfred
1 year ago
I recall something about the control of the trust, but I can't remember if it's solely by the employer or if there are other parties involved.
EM
Emiko
1 year ago
I'm not entirely sure, but I think membership in a 501(c)(9) trust isn't mandatory for all employees. That sounds too strict.
LI
Lillian
1 year ago
I feel like I saw a question about employer contributions to these trusts being deductible. Is that C?
SH
Sheridan
1 year ago
I think I remember that when a 501(c)(9) trust is terminated, the funds don't just go back to the employer. That seems off.
GE
Gearldine
1 year ago
Hmm, I'm a bit confused on this one. Could it be that the assets were already disposed, so the program created entries to reverse the original disposal and then dispose them again? I'll need to think this through carefully.
SU
Sunshine
1 year ago
Ah, I see now. The user group approach is an important one to remember. I'll make sure to include that in my answer.
RO
Rory
1 year ago
Hmm, this looks like a tricky one. I'll need to think carefully about the Rendezvous tools available to check connectivity.
AM
Amber
1 year ago
Ah, I see what they're getting at now. The "drill into" feature is definitely one of the options, but I'm not sure which one. I'll have to think this through step-by-step.