"Group Captives" Insurance Scam

Just a few years ago, captive insurance companies were a hot news item in the arcane world of abusive tax shelters. Sleazy promoters were signing up small businesses in droves. If you created a cell captive as a property and casualty loss management tool, it’s probably legitimate. If you “bought” an off the shelf captive from a promoter who promised tax savings, there is a good chance you own an abusive tax shelter.

419 and 412i Plan Help: Reportable Transactions & 419 Plans Litigation: CJA and associates 419 412i section 79 scam audits...

419 and 412i Plan Help: Reportable Transactions & 419 Plans Litigation: CJA and associates 419 412i section 79 scam audits...

IRS 676 views, 44 likes | Lance Wallach | LinkedIn

IRS 676 views, 44 likes | Lance Wallach | LinkedIn

captive insurance, pro and con 1254 views, 146 likes | Lance Wallach | LinkedIn

captive insurance, pro and con 1254 views, 146 likes | Lance Wallach | LinkedIn

412i fraud 654 views, 44 likes | Lance Wallach | LinkedIn

412i fraud 654 views, 44 likes | Lance Wallach | LinkedIn