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How long has the law supporting this plan been in existence and why haven’t I heard about it before? PDF Print E-mail

This plan is based on the Internal Revenue Code, Treasury Regulations, Revenue Rulings, Tax Court and Supreme Court opinions that have been in existence for over a decade. The CHIRA® program also relies upon a recently issued private letter ruling by the U.S. Department of Treasury stating that the transaction does not violate tax rules prohibiting certain transactions between plans and certain parties and rules prohibiting investments in insurance. Private letter rulings are addressed only to the parties requesting the ruling, and such rulings may not be used by others as binding precedent. Nevertheless, a private letter ruling may be cited by another taxpayer as “substantial authority” for a tax position.
 
 

Disclaimer

The CHIRA® program (patent pending), copyrights and trademarks are the intellectual property of CHIRA® USA, LLC. All rights reserved. The information set forth herein does not constitute an offer to sell or a request to buy any particular investment. Any particular charitable investment contemplated by the CHIRA® should be read carefully regarding any possible risks before investing. Consult your financial advisor or tax consultant regarding tax and charitable advantages. CHIRA®USA, LLC and CHIRA® USA Financial Services, LLC reserves the right to pursue any infringer,including insurers, agents, custodians and charities, of intellectual property rights to the fullest extent of the law and in their sole discretion. All insurance products related to the CHIRA® program are marketed exclusively through CHIRA®USA Financial Services, LLC. Registered agents of CHIRA® USA Financial Services, LLC are not remunerated as a result of the issuance of the promissory note or providing investment advice related to the self-directed IRA or the note issued therefrom.  PLR 200741016.
Deo Gratias