The IRS Has Targeted Section 79 Plans of Southwest Financial Group (SFG) April 12, 2016 | Dalton Harris
Insurance agents and related enterprising people have continually endeavored to concoct plans that make them a great deal of money. And when I say “plans,” I mean welfare benefit plans. These are insurance-based plans that employers can invest money into under the guise that the contributions are tax-deductible; likewise, they are represented as having the benefit of allowing withdrawals at some point in a non-taxable manner.
ReplyDeleteThe IRS Has Targeted Section 79 Plans of Southwest Financial Group (SFG)
April 12, 2016
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Dalton Harris
Insurance agents and related enterprising people have continually endeavored to concoct plans that make them a great deal of money. And when I say “plans,” I mean welfare benefit plans. These are insurance-based plans that employers can invest money into under the guise that the contributions are tax-deductible; likewise, they are represented as having the benefit of allowing withdrawals at some point in a non-taxable manner.