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,
ReplyDeleteACCOUNTING TODAY JUNE 19-JULY 9 ISSUE
FINANCIAL PLANNING News and strategies for the personal financial planner
by Lance Wallach
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IRS Auditing 412(i) Plans
IRS Auditing 412(i) Plans
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,