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  1. IRS6707APENALTY.COM
    Information and Links about IRC 6707A
    Nationwide
    Assistance with IRC
    6707A Penalties
    More Than 30 years of
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    Become further informed about IRC 6707A and
    its 419e, 412i, listed transaction consequences
    through these links.


    California Broker, June 2011

    Employee Retirement Plans
    By Lance Wallach

    412i, 419, Captive Insurance and Section 79 Plans;
    Buyer Beware

    The IRS has been attacking all 419 welfare benefit
    plans, many 412i retirement plans, captive insurance
    plans with life insurance in them, and Section 79
    plans. IRS is aggressively auditing various plans and
    calling them “listed transactions,” “abusive tax
    shelters,” or “reportable transactions,” participation in
    any of which must be disclosed to the Service. The
    result has been IRS audits, disallowances, and huge
    fines for not properly reporting under IRC 6707A.
    Read more here. Click here for the PDF version.

    ***
    IRC 6707A is a complex code and it takes an expert
    with years of experience to know how to handle its
    nuances properly.

    Our focus on 6707A penalties, coupled with our
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