Form 8886 and 419 Plans Litigation,
412i and 419e plans litigation, IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.
Officials Knew Of Criminal History Of Man Connected To Medical Marijuana FacilityMarch 13, 2014|By NICHOLAS RONDINONE, email@example.com, The Hartford CourantSIMSBURY — State and town officials said the criminal history of the former chairman of the company that owns the building that will house a new medical marijuana facility in town did not factor into their decision to approve the facility.A spokesperson for the company that will operate the facility, Curaleaf LLC, said the company was aware of the legal issues faced by Daniel Carpenter, a Simsbury resident and former chairman of Grist Mill Partners, which owns the building at 100 Grist Mill Road.
IRS audits more small captives, 4599 views, 21 likesPublished on Published onFebruary 28, 2018 Edit article View statsStacey ArenasHelp! My Captive Insurance Company is Under IRS Audit.We have learned from discussions with IRS Representatives that the IRS is now opening a large number of captive audits.If you are a taxpayer who has come under audit by the IRS with respect to a captive insurance company, here are some things you should know.Type of Audit. For this purpose, we can divide the IRS audits into two types. The first is a random audit on an individual or business, and the second is a targeted audit. A random audit normally involves a local IRS Agent and considers on some level the totality of a return filed. In a targeted audit, the IRS obtained a customer list from the captive Promoter and is auditing you because you are one of the customers. In a random audit, the Agent has a checklist to review various items of your return and may spend little or no time scrutinizing the captive. In a targeted audit, the Agent is normally well trained in the captive area. Further, in a targeted audit, the Agent may already have been directed on an IRS position for all of the captives that relate to that Promoter. Accordingly, the method of dealing with the Agent is very different in random audits than in targeted audits.