5 pages. Excerpt: On October 17, 2007, the IRS issued three pieces of guidance warning taxpayers that certain welfare benefit arrangements referred to as 'single employer plans' or '419(e) plans' that utilize cash value life insurance may not provide the tax benefits purported by promoters. It also identified some of the arrangements as listed transactions. At the same time the guidance acknowledged that welfare benefit plans that operate within the intent of IRC §§ 419 and 419A and that provide 'meaningful medical and life benefits to retirees on a nondiscriminatory basis' are deductible and outside the guidance.

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