Section 79 Scams — Section 79 Plans
Section 79 Scams — Section 79 Plans: When trying to understand how a product becomes a target of government scrutiny it helps to know its history. In the case of plans that fall under Internal Revenue Code Section 79, that history is complex. Insurance companies, agents, financial planners, and others have pushed abusive Section 79 plans for years. They claimed business owners could…
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