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

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.”

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