Tax Court Drops The Hammer On Employee Welfare Plan

Tax Court Drops The Hammer On Employee Welfare Plan

3 comments:


  1. UNDERSTANDING CAPTIVE INSURANCE


    Captive Insurance companies, are sometimes used to purchase life insurance outside the estate of the business owner with what amounts to pre-tax dollars.
    This should not be the primary focus of the captive, but is something that can be done with a portion of the captive's accumulated assets. If the primary purpose of the captive is to buy life insurance, or act as the conduit for the pre-tax purchase for life insurance, or if life insurance becomes the significant asset of the captive, there is a risk that the arrangement will not be considered a bona fide captive arrangement but will instead be treated as a tax shelter.
    A captive is an insurance company, and should be treated as such, not a vehicle for investing.




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    vidual taxpayers and promoters, designated certain abusive life insurance arrangements as listed transactions, and imposed accuracy-related taxpayer penalties.

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  2. Happy New Year Mr. Wallach and thanks for
    the article

    Ronald R. Itzkowitz
    National EP Customer Partnership Analyst
    Internal Revenue Service - Employee Plans

    "Mr. Wallach, thanks so much for taking the time to talk to me today about VEBAs. Any information you can
    send me would be helpful. Hopefully, we can work together in the future as interest in VEBAs increase."

    Corman G. Franklin Office of the Assistant Secretary for Policy U.S. Department of Labor
    G

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    1. http://www.taxaudit419.com/

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