IRS Targets More Welfare Benefit Plans, Huge Penalties Imposed

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With penalties of $100,000 to $200,000 per year, holders of welfare benefit plans face grave serious problems. The raid on NOVA Benefit Plans' headquarters by 70 federal agents means thousands of NOVA's clients may soon be hearing from the IRS.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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