A promotional video claims business owners can use tax-deductible bonuses to fund personal, tax-exempt retirement plans with no contribution limits or regulatory oversight. The pitch cites IRC Sections 162 and 7702 as legal justification for what it presents as a loophole available only to owners, excluding employees.
Did you know that you can use tax-deductible corporate earnings to fund your own personal tax-exempt retirement plan? Without including any of your employees. Without any regulatory compliance or reporting. Without limitations or restrictions on how much money your business can put into the plan for you or at what age you can retire. And without any investment risk or money management fees. This type of selective, exclusive, and discriminatory retirement plan is made possible by Sections 162 and 7702 of the Internal Revenue Code. Section 162 of the tax code allows any business to deduct bonus compensation paid to any employee, including a corporate owner, on a selective, exclusive, and discriminatory basis. And Section 7702 provides for contractual guarantees that can credit your bonus money with tax-exempt interest or dividends and then convert that money into tax-exempt
MONETARY DEVALUATION: PRECIOUS METALS - Insurance Lead Conversion Video | WebPrez
FIXED INDEX ANNUITY DECISION ASSURANCE - Insurance Lead Conversion Video | WebPrez
