Thursday, June 23, 2016

MuniBond Life Insurance: IRS to Audit Sea Nine VEBA Participating Employers

MuniBond Life Insurance: IRS to Audit Sea Nine VEBA Participating Employers

1 comment:

  1. Kenneth Elliot KAE Insurance Co
    419 Plan, 412i plan, Captive Insurance Plan, Section 79 Plan, Benistar

    Tuesday, January 7, 2014
    HARM TO THE GOVERNMENT AND THE PUBLIC
    Elliot has admitted in prior sworn testimony that there are at least 200 employer/companies that have participated in a Sea Nine VEBA plan, and the IRS is aware of 205 such entities. Elliot and Sarva continue today to promote Sea Nine VEBA plans, and Sea Nine appears to have obtained additional plan participants in 2012. And third parties with whom he has previously worked continue to recommend Sea Nine VEBA plans to certain of their customers.

    ReplyDelete