Showing posts with label 412i scams. Show all posts
Showing posts with label 412i scams. Show all posts
IRS Criminal Investigation Department Audits Section 79, Captive Insurance, 412i and 419 Scams
IRS Criminal Investigation (CI) has developed a nationally coordinated program to combat these abusive tax schemes. CI's primary focus is on the identification and investigation of the tax scheme promoters as well as those who play a substantial or integral role in facilitating, aiding, assisting, or furthering the abusive tax scheme, such as accountants or lawyers. Just as important is the investigation of investors who knowingly participate in abusive tax schemes.
First the IRS started auditing § 419 plans in the 1990s, and then continued going after § 412(i) and other plans that they considered abusive, listed, or reportable transactions, or substantially similar to such transactions. If an IRS audit disallows the § 419 plan or the § 412(i) plan, not only does the taxpayer lose the deduction and pay interest and penalties, but then the IRS comes back under IRC 6707A and imposes large fines for not properly filing.
http://www.hg.org/article.asp?id=35505
IRS Tax Audits, 419 and 412i plans, Tax resolution services
IRS Tax Audits, 419 and 412i plans, Tax resolution services: Check out http://taxadvisorexperts.com! Expert CPA help with 419a, 419e, 419, 412i, welfare benefit plans, 6707a penalties, form 8886, IRS audits, Section 79, Captive insurance, FBAR, tax masters, jk harris, wpi, us tax shield.
412i Plans | IRS Resoulution Services
412i Plans | IRS Resoulution Services: Knowledge Our CPAs, Attorneys, ex-IRS agents and specialists know exactly what the IRS is looking for and how to help you avoid the huge fines and penalties they are imposing. Don't let the IRS get more of your money than they deserve simply because you failed to file a form properly. Our consultants have over 25…
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