How to Get Fined $100,000 by the IRS
If you don’t read anything else this year, take a quick look at this. Insurance professionals and accountants have been fined $200,000 by the IRS for being material advisers. Business owners have been fined over $1,000,000 for being in retirement plans, so called 412i, 419, section 79 or captive insurance plans. Don’t think this will happen to you? It has already to happened to thousands of people just like you.
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