IRS Warns Against Certain Trusts Sold as Business Welfare Benefit Funds


Categories
Income Tax

The IRS has issued a news release warning small businesses about certain trust arrangements being sold as welfare benefit plans.  These arrangements are considered abusive  from a tax standpoint in that they provide extra benefits to the business owner or key employees.

Small business owners should not adopt such plans unless the plan has been cleared with their tax adviser.
TrustCounsel
Address: 1414 Raleigh Rd Ste 203, Chapel Hill NC 27517
Phone: 919.636.0950 | Toll Free: 800.201.0413 | Fax: 919.493.6355
ghgiddens@trustcounselpa.com | www.trustcounselpa.com