How to avoid a $2.9 million tax bill for friends4life

The IRS says it is suspending the company’s tax-exempt status and could take legal action against its tax preparers over unpaid taxes.Intermediary services provider friends4Life is not paying its taxes in full because of the delay, the IRS said in a statement on Tuesday.It said the company has received a notice from the IRS that

Federal government should be wary of new rules for reinsurance intermediaries

It’s hard to imagine a better way to kill the insurance industry than to roll back its efforts to regulate insurance companies.That’s because a new federal regulation will impose new restrictions on the activities of insurance intermediaries, which are widely used by big insurers to protect themselves against lawsuits from consumers.But it also threatens the

Which banks are providing banking services?

The International Federation of Credit Unions (IFCU) has released its annual list of the world’s largest financial intermediaries, which it said was the most comprehensive list of financial services companies.The IFCU released the list for the first time on Thursday, a year after the global financial crisis hit.It includes major international banks, including Barclays, Royal

How to make money on intermediary oversight services

An analysis of the revenue generated by intermediaries is essential to determining the viability of the service. These revenue sources are generally considered “non-taxable” under IRS rules, but this analysis will focus on revenue generated through intermediaries, because that’s what we want to focus on. The IRS is the primary enforcement agency for intermediary income taxes. This means

Which Financial Services Intermediaries Should Be Involved in Financial Regulation? – Bloomberg

FINRA’s Intermediary Review Advisory Panel recently announced a recommendation to create an inter-agency oversight panel that would oversee intermediaries, which includes intermediaries that are regulated by FINRA.The panel is tasked with establishing standards and guidelines to prevent abuse, and to help ensure financial intermediaries are doing their jobs.The panel’s recommendation comes after a report from

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