IRS Auditing 419, 412i, Captive insurance plans life insurance, and Article 79 of Fraud
IRS began auditing 419 plans in the late ’90s, and then proceed to go after the 412i plan and that they are considered rude, registered, or transactions, as reported, or substantially similar transaction. In a recent court case, tax policy against Commissioner (TC 2010-115 Memo), the Tax Court decided that investment in welfare payments to [...]