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Beware of IRS penalties.

Publication: California CPA
Publication Date: 01-JUL-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Your clients may be facing severe financial hardship if, since 2004, they invested in any of the following types of plans:

[ILLUSTRATION OMITTED]

* Welfare Benefit Plans (Section 419 Plans) funded with accumulating cash value life insurance policies.

* Defined Benefit Pension Plans that invest in accumulating cash value...

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