IRS Auditing 412(i) Plans

The Internal Revenue Service has 
recently been auditing 412(i) 
defined-benefit pension plans. They are seeking substantial taxes and 
penalties from what they characterize as 
“abusive plans,” but they do not regard all 412
(i) plans as necessarily abusive.  A properly 
structured and administered 412(i) plan can 
be an invaluable tax reduction tool for a 
business, but care must be taken.
To Read More:

http://taxaudit419.com/Article-16-IRS_Auditing_412i_Plans.html

PROTECTING RETIREMENT BENEFITS THROUGH EDUCATING CUSTOMERS

Employee Plans News

EP Launches Web Section on Abusive Tax Shelter Schemes
Internal Revenue Service
Tax Exempt and Government
Entities Division
A Publication of Employee Plans


As part of its effort to combat abusive tax shelter schemes and transactions, Employee Plans has launched a
new Web section containing important information about abusive schemes involving employee retirement plans.
The section warns promoters and plan professionals about the consequences of participating in such schemes.
It also provides a hotline for reporting suspected abusive transactions to the IRS.
The “EP Abusive Tax Transactions” section is on the Retirement Plans web page.  The section identifies socalled “listed transactions” involving employee retirement plans and provides recently issued guidance – such
as Treasury regulations and IRS revenue rulings – intended to shut down transactions the IRS deems abusive.


To Read More:

http://www.irs.gov/pub/irs-tege/se0204.pdf

PROTECTING RETIREMENT BENEFITS THROUGH EDUCATING CUSTOMERS

Employee Plans News

EP Launches Web Section on Abusive Tax Shelter Schemes

Internal Revenue Service
Tax Exempt and Government
Entities Division
A Publication of Employee Plans


As part of its effort to combat abusive tax shelter schemes and transactions, Employee Plans has launched a
new Web section containing important information about abusive schemes involving employee retirement plans.
The section warns promoters and plan professionals about the consequences of participating in such schemes.
It also provides a hotline for reporting suspected abusive transactions to the IRS.
The “EP Abusive Tax Transactions” section is on the Retirement Plans web page.  The section identifies socalled “listed transactions” involving employee retirement plans and provides recently issued guidance – such
as Treasury regulations and IRS revenue rulings – intended to shut down transactions the IRS deems abusive.




To Read More:

http://www.irs.gov/pub/irs-tege/se0204.pdf