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IRS Audits Focus on Captive Insurance Plans

IRS Attacks Business Owners in 419, 412, Section 79 and Captive Insurance Plans Under Section 6707A – By Lance Wallach

Taxpayers who previously adopted 419, 412i, captive insurance or Section 79 plans are in big trouble. In recent years, the IRS has identified many of these arrangements as abusive devices to funnel tax deductible dollars to shareholders and classified these arrangements as listed transactions.” https://captiveinsuranceaudits.com/