Tag Archives: trust arrangements involving cash value life insurance policies

IRS Warns Taxpayers About Certain Trust Arrangements Sold As Welfare Benefit Funds

[Courtesy of IRS] WASHINGTON – The Internal Revenue Service and the Treasury Department cautioned taxpayers about participating in certain trust arrangements being sold to professional corporations and other small businesses as welfare benefit funds and identified some of the arrangements as listed transactions. There are many legitimate welfare benefit funds that provide benefits, such as […]