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| First Person |
A Shield for Shelters
Nemo Perera
03/01/2004
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Tax Insurance Benefits:
• Direct validation of the transaction’s
integrity
by a well-known insurance carrier (a conservative third party
entity that is not compensated by the tax-advantaged transaction
itself).
• Indirect validation of the financial planner’s
integrity.
• Ability to lock in profits without the fear of future IRS
action negating anticipated returns.
• Coverage for both future and
previously completed transactions.
• An alternative to legal opinion
letters and an innovative means of verifying the validity of an existing
legal opinion.
• A green light when an IRS Private Letter Ruling is not
wanted or not available. (A PLR is a letter issued by the IRS that blesses a
transaction; securing a PLR usually requires a very long and costly process.)
Nemo Perera is a senior executive at Risk Capital Partners, a boutique
insurance brokerage and consultancy with a specialty in insuring tax strategies
designed for wealthy families and major corporations. (212.496.7478, nemo.perera@rcps.com)
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