419 Life Insurance Plans and Other Scams – Large IRS Fines – The IRS Raids Plan Promoter Benistar, and What Does All This Mean To You? Posted: Dec. 9, 2010 By Lance Wallach Recently IRS raided Benistar, which is also known as the Grist Mill Trust, the promoter and operator of one of the better known and more heavily scrutinized of the Section 419 life insurance plans. IRS attacked the Benistar 419 plan, and one of its tactics was to demand the names of all the clients Benistar worked with — so they could be... read full review »

419 Life Insurance Plans and Other Scams – Large IRS Fines – The IRS Raids Plan Promoter Benistar, and What Does All This Mean To You? Posted: Dec. 9, 2010 By Lance Wallach Recently IRS raided Benistar, which is also known as the Grist Mill Trust, the promoter and operator of one of the better known and more heavily scrutinized of the Section 419 life insurance plans. IRS attacked the Benistar 419 plan, and one of its tactics was to demand the names of all the clients Benistar worked with — so they could be... read full review »

419 Life Insurance Plans and Other Scams – Large IRS Fines – The IRS Raids Plan Promoter Benistar, and What Does All This Mean To You? Posted: Dec. 9, 2010 By Lance Wallach Recently IRS raided Benistar, which is also known as the Grist Mill Trust, the promoter and operator of one of the better known and more heavily scrutinized of the Section 419 life insurance plans. IRS attacked the Benistar 419 plan, and one of its tactics was to demand the names of all the clients Benistar worked with — so they could be... read full review »

IRS Makes Taxpayers Aware of Many Scams That Will Get Them in Trouble Published in RetirementSociety.com | January 19, 2011 By Lance Wallach “Taxpayers should be wary of scams to avoid paying taxes that seem too good to be true, especially during these challenging economic times, ” IRS Commissioner Doug Shulman said. “There is no secret trick that can eliminate a person’s tax obligations. People should be wary of anyone peddling any of these scams.” Tax schemes are illegal and can lead to problems for... read full review »

IRS Makes Taxpayers Aware of Many Scams That Will Get Them in Trouble Published in RetirementSociety.com | January 19, 2011 By Lance Wallach “Taxpayers should be wary of scams to avoid paying taxes that seem too good to be true, especially during these challenging economic times, ” IRS Commissioner Doug Shulman said. “There is no secret trick that can eliminate a person’s tax obligations. People should be wary of anyone peddling any of these scams.” Tax schemes are illegal and can lead to problems for... read full review »

Dolan Media Newswires 01/22/2010 Small Business Retirement Plans Fuel Litigation Small businesses facing audits and potentially huge tax penalties over certain types of retirement plans are filing lawsuits against those who marketed, designed and sold the plans. The 412(i) and 419(e) plans were marketed in the past several years as a way for small business owners to set up retirement or welfare benefits plans while leveraging huge tax savings, but the IRS put them on a list of abusive tax shelters and has more recently focused audits on... read full review »

Pac life agents sold insurance inside plans that IRS audits. Benistar was raided by IRS and people in the plan will now be audited. For help see www.taxaudit419.com and www.vebaplan.com and good luck.Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways - chardonnay in one hand - chocolate in the other - body thoroughly used up, totally worn out and screaming 'WOO HOO, What a Ride read full review »

Hurt with a 419 plan? Benistar was raided by IRS and people in the plan will now be audited. For help see www.taxaudit419.com and www.vebaplan.com and good luck.Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways - chardonnay in one hand - chocolate in the other - body thoroughly used up, totally worn out and screaming 'WOO HOO, What a Ride read full review »

Benistar was raided by IRS and people in the plan will now be audited. For help see www.taxaudit419.com and www.vebaplan.com and good luck.Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways - chardonnay in one hand - chocolate in the other - body thoroughly used up, totally worn out and screaming 'WOO HOO, What a Ride read full review »