The dangers of being ‘listed’ A warning for 419, 412i, Sec. 79 and captive insurance plans

Uncategorized | The dangers of being ‘listed’ A warning for 419, 412i, Sec. 79 and captive insurance plans
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Taxpayers who previously adopted 419, 412i, captive insurance or Section 79 plans (who don’t have proper guidance and tax reporting ) are in big trouble.

In recent years, the Internal Revenue Ser- vice has identified many of these arrangements as abusive devices to funnel tax-deductible dollars to shareholders, and classified these arrangements as “listed transactions.”

See the Whole Article Here: http://www.webcpa.com/ato_issues/24_14/the-dangers-of-being-listed-55862-1.html?ET=webcpa%3Ae1101%3A134343a%3A&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_FinancialPlanning_102810

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