US Says Benefit Plan Scheme Costs Millions In Taxes

Law360, New York (October 11, 2013, 2:38 PM ET) -- The U.S. government sued an insurance program marketer in California federal court Wednesday in an effort to shut down a purported scheme pushing small businesses to buy into employee benefits programs it claims are structured to cheat the government out of millions of dollars in taxes.

The government’s complaint accuses KAE Insurance Services Inc. and affiliated entities of hawking voluntary employee beneficiary association plans on the misleading promise that the participating businesses can legally write off plan contributions as federal income tax deductions while still recouping...
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Case Information

Case Title

United States of America v. Kenneth Elliott et al


Case Number

8:13-cv-01582

Court

California Central

Nature of Suit

Taxes

Judge

Josephine L. Staton

Date Filed

October 9, 2013

Government Agencies