Advisers beware: Another Roth IRA scam backfires
Roth IRAs offer significant tax benefits, but these transactions are on the Internal Revenue Service's radar.
The Roth IRA abuse continues, even though virtually every court ruling knocks them down with harsh taxes and penalties. The lure of tax-free growth is powerful, and the Roth IRA is a tempting place to find that, but advisers need to warn clients to avoid these highly questionable tax schemes.
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