Is your Insurance Company A Scam? Avoid these Fraudulent Schemes!

This video highlights fraudulent tax avoidance strategies involving micro-captive insurance schemes, which have gained notoriety for lacking the characteristics of legitimate insurance and leading to excessive premiums with no coverage. As the IRS considers such transactions a high-priority enforcement area, viewers are encouraged to report abusive tax scams via the link in the comments. Thanks for watching! Please Like, Comment, or Subscribe for more videos!
This is a Clip from the Vlog "r/IRS Questions," which hopes to provide a steady path of information for the /r/IRS Reddit community and anyone interested in tax compliance. This channel also features the latest Internal Revenue Service news, IRS commentary, and tips from tax expert John R. Dundon.
www.reddit.com/r/IRS
www.JohnRDundon
https://www.irs.gov/pub/irs-pdf/f14242.pdf