|
"Consumer Reviews on Companies, Products and Services" |
USER REVIEWS (Real Truth)
Benistar
In a recent U.S. Tax Court case, taxpayers suffered a double loss. The taxpayers, consisting of four couples, had purchased welfare benefit plans marketed by Benistar 419 Plan Services. Under the plan, Benistar provided preretirement life insurance to select employees of companies enrolled in the plan. Small employers like the plans because they allow pretax contributions to be shielded from taxation.
The plan was marketed through seminars geared towards insurance agents. Benistar did not sell directly to the... read full review »
Pac, Hartford life
Published in: Massachusets Society of Certified Public Accountants
Winter 2010
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." These plans were sold by... read full review »
Benistar, Hartford
Published in: Massachusets Society of Certified Public Accountants
Winter 2010
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." These plans were sold by... read full review »
Benistar, Nova
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 »
Hartford Life
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 »
Benistar
Benistar go raided by IRS who will now audit all people in the plan.
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... read full review »
|
RECENTLY UPDATED REVIEWS
A&Z General Contractor LLC
Mobiele Toiletten Verhuur Zaandam
Summit Exteriors, LLC
Power Up Plumbing
Pressure Washing Twickenham
Homeway Construction & Restoration of Memphis
The Willow Sage Cafe
Cover Local Marketing
Guinness Pro Construction LLC
AK Water Works Plumbing & Drain - Akron, OH
REQUESTED REVIEWSREVIEWS BY CATEGORY |
