IRS AUDIT SUPPORT FOR PRIVATE ANNUITY TRUSTS & IRA-LLCs

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When you consider the use of a powerful tax planning vehicle, what could be more comforting and reassuring than knowing your provider of that vehicle will expertly defend you in the event of an IRS audit? And when that provider is also a nationally renown organization and the nation's leading provider of that tax vehicle, you can feel a high degree of confidence in your decision to move ahead. To provide that level of confidence and reassurance to you, we developed a unique and powerful protection for clients who use the NAFEP product the Premier IV IRA-LLC. This protection is the NAFEP "Audit Support Warranty", which is included automatically with either of these products at no extra charge to you.

The Warranty is a NAFEP backed agreement which provides up to $25,000 for professional support fees in the unlikely event of an IRS audit of your IRA-LLC transaction. If an IRS audit does arise, expert NAFEP tax professionals step in and handle the audit response and defense for you. As the creator of the product, no one could be better able to respond to the audit. Our tax professionals are highly trained and NAFEP backed in every tax aspect of your transaction. The $25,000 Warranty coverage is more than sufficient for virtually any audit response.

Circular 230 Response.
Federal tax law (Circular 230, Treasury Regulations) now requires an opinion letter to be furnished to clients for a large number of tax planning vehicles and strategies. For the IRA-LLC, NAFEP's response to Circular 230 is the Audit Support Warranty

As the nation's premier financial and estate planning service and the clear leader in the provision of IRA-LLCs, your consideration of NAFEP is well placed. Your selection of a NAFEP IRA-LLC is substantially enhanced by the unparalleled Audit Support Warranty

Superior To An Opinion Letter
The NAFEP Audit Support Warranty provides the functions of an opinion letter, but goes much further by providing the Warranty. While the Warranty technically is not an opinion letter, the overall result is far superior. The very nature and design of an attorney's opinion letter acts to prevent malpractice or other claims against the attorney who prepared it. As long as the attorney used reasonable care in preparing the letter, the client will have little or no recourse against the attorney if things go wrong. With the Audit support Warranty NAFEP affirmatively and positively states the benefits which an IRA-LLC transaction will provide, as an opinion letter likely will not do, and then the Warranty backs up those claims with up to $25,000 of professional audit support.

Warranty Time Limit.
IRS audits of your NAFEP IRA-LLC transaction are covered under the Warranty for any of the first three tax years after setting up your transaction. As an example, assume your warranty coverage was for the tax years 2006 to 2008. Because of the IRS statute of limitations, they could audit the 2008 tax year until 2011. This entire time period, the first three tax years plus the IRS three year audit time limit, is covered by your NAFEP Warranty. This is a time span of approximately six years

Disclaimers:
This page is informational only and is not the Audit Support Warranty. You must review the Warranty itself for all terms and provisions that are actually provided by NAFEP. This page is not and cannot be relied on as an opinion letter. If in spite of NAFEP's best effort you should lose an IRS audit, the Audit Support Warranty does not pay your taxes, penalties or interest if there are any.