If you were in a 419e, 412i or other plan that theibutions to these arrangements. The IRS is cracking down on small business owners who participate in tax reduction insurance plans and the brokers who sold them. Some of these plans include defined benefit retirement plans, IRAs, or even 401(k) plans with life insurance.
In order to fully grasp the severity of the situation, one must have an understanding of Notice 95-34, which was issued in response to trust arrangements sold to companies that were designed to provide deductible benefits such as life insurance, disability and severance pay benefits. The promoters of these arrangements claimed that all employer contributions were t
If you were in a 419e, 412i or other plan that theibutions to these
ReplyDeletearrangements. The IRS is cracking down on small business
owners who participate in tax reduction insurance plans and the
brokers who sold them. Some of these plans include defined
benefit retirement plans, IRAs, or even 401(k) plans with life
insurance.
In order to fully grasp the severity of the situation, one must have
an understanding of Notice 95-34, which was issued in response
to trust arrangements sold to companies that were designed to
provide deductible benefits such as life insurance, disability and
severance pay benefits. The promoters of these arrangements
claimed that all employer contributions were t