Following the U.S. Congress’ lead, on April 10 the IRS issued final regulations under Section 409A of the Internal Revenue Code. If the rules seemed unclear before, they are crystal clear now: Most of the so-called “419(e)” plans as well as the remaining 419A(f)(6) plans are in violation of the law and subject to hefty penalties.
Welfare Benefit Plans and 419 Plans Litigation - 412i, IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.
Showing posts with label 412. Show all posts
Showing posts with label 412. Show all posts
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