Thank you for your interest in learning more about the 419 plan promoter that was recently sued by the U.S. District Attorney in the Northern District of Illinois.
As I indicated in my newsletter, this is a good reminder for everyone that if it sounds too good to be true, that may really be the case.
And even if a tax structure is legitimate, if promoters over promote and flaunt it in the face of the IRS, typically the IRS issues negative press, or in this case negative Revenue Rulings, to throw cold water on it (and also in this case 419 plans funded with life insurance were added to the listed tax transaction list).
To download the actual “Complaint for Permanent Injunction and Other Relief,” please click on the following link:
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