Monday, January 21, 2013

IRS - Dirty Dozen Scams: # 8 Abusive Retirement Plans

2011 Dirty Dozen Tax Scams According to IRS, will be listed and explained to the informed Tax Payer.

# 8 Abusive Retirement Plans  - IRS Continues to discover Retirement Plan Abuses in Roth IRA and IRA Accounts. The Service is looking for taxpayers who avoid the limits on contribution and transactions that are not properly reported as early distribution. Beware of advisers who shift Assets into IRA at less than Fair Market Value and try to circumvent the annual contribution limits. Some LLCs engage in activity that is considered prohibited.

For Q & A call Kash @ Yajnik and Mehta : (925) 963 4891

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