Showing posts with label IRS Attack. Show all posts
Showing posts with label IRS Attack. Show all posts
Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : Raymond Ankner -Expected to be the biggest life in...
Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : Raymond Ankner -Expected to be the biggest life in...: Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA & CJA and Associates’ plans : To Read Mo...
Raymond Ankner -Expected to be the biggest life insurance failure ...
Nov 30, 2013 - Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA & CJA and Associates' plans, 412i, 419e plans ...
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CJA & Associates, Inc. - Manta
CJA is a national employee benefits and actuarial consulting firm. For over 35 years CJAhas provided tax efficient solutions to business owners.
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About me
How Hartford Life and Other Insurance Companies Tricked their Agents and Got People in Trouble with the IRS - HG.org
How Hartford Life and Other Insurance Companies Tricked their Agents and Got People in Trouble with the IRS - HG.org
Agents from Hartford and other insurance companies were shown ways to sell large life insurance policies. This “Welfare Benefit Trust 419 plan or 412i plan should be shown to their profitable small business owners as a cure for paying too much taxes.
A Welfare Benefit Trust 419 plan essentially works like this:
• The business provides a fringe benefit for their employees, such as health insurance and life insurance.
• The benefit is established in the name of a trust and funded with a cash value life insurance policy
• Here is the gravy: the entire amount deposited into the trust (insurance policy) is tax deductible to the company,and
• The owners of the company can withdraw the cash value from the policy in later years tax-free.
• The business provides a fringe benefit for their employees, such as health insurance and life insurance.
• The benefit is established in the name of a trust and funded with a cash value life insurance policy
• Here is the gravy: the entire amount deposited into the trust (insurance policy) is tax deductible to the company,and
• The owners of the company can withdraw the cash value from the policy in later years tax-free.
Read more by clicking the link above!
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