419 Welfare Benefit Plans - HGExperts.com

419 Welfare Benefit Plans - HGExperts.com

1 comment:

  1. IRS Logo
    Subscriptions
    Language
    Information For...
    Advanced
    Filing
    Payments
    Refunds
    Credits & Deductions
    News & Events
    Forms & Pubs
    Help & Resources
    for Tax Pros
    Like - Click this link to Add this page to your bookmarks Share - Click this link to Share this page through email or social media Print - Click this link to Print this page
    Treasury and IRS Shut Down Abusive Life Insurance Policies in Retirement Plans
    IR-2004-21, Feb. 13, 2004
    WASHINGTON — Today, the Treasury Department and the Internal Revenue Service issued guidance to shut down abusive transactions involving specially designed life insurance policies in retirement plans, section “412(i) plans.” The guidance designates certain arrangements as “listed transactions” for tax-shelter reporting purposes.
    A “section 412(i) plan” is a tax-qualified retirement plan that is funded entirely by a life insurance contract or an annuity. The employer claims tax deductions for contributions that are used by the plan to pay premi

    ReplyDelete