Showing posts with label 412i. Show all posts
Showing posts with label 412i. Show all posts
How Hartford Life and Other Insurance Companies Tricked their Agents and Got People in Trouble with the IRS - HG.org
How Hartford Life and Other Insurance Companies Tricked their Agents and Got People in Trouble with the IRS - HG.org
Agents from Hartford and other insurance companies were shown ways to sell large life insurance policies. This “Welfare Benefit Trust 419 plan or 412i plan should be shown to their profitable small business owners as a cure for paying too much taxes.
A Welfare Benefit Trust 419 plan essentially works like this:
• The business provides a fringe benefit for their employees, such as health insurance and life insurance.
• The benefit is established in the name of a trust and funded with a cash value life insurance policy
• Here is the gravy: the entire amount deposited into the trust (insurance policy) is tax deductible to the company,and
• The owners of the company can withdraw the cash value from the policy in later years tax-free.
• The business provides a fringe benefit for their employees, such as health insurance and life insurance.
• The benefit is established in the name of a trust and funded with a cash value life insurance policy
• Here is the gravy: the entire amount deposited into the trust (insurance policy) is tax deductible to the company,and
• The owners of the company can withdraw the cash value from the policy in later years tax-free.
Read more by clicking the link above!
Lance Wallach - Expert Witness Services, Section 79, insurance Expert Witness
Lance Wallach - Expert Witness Services, Section 79, insurance Expert Witness
http://www.section79problem.com/
http://www.section79problem.com/
IRS audit issues of 419e, 412i, tax shelter penalties, IRS fines of listed transactions and material advisors.
Vebaplan.org helps with IRS audit issues of 419e, 412i, tax shelter penalties, IRS fines of listed transactions & material advisors. Retirement, benefit plans experts for small business and CPAs, financial advisors,419 plan,captive Insurance plan
http://taxaudit419.com/
http://taxaudit419.com/
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