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I believe that Cartus is systematically helping corporations to commit tax fraud. In an amended sale or buyer value option, the Internal Revenue Service has made it pretty clear that in order to be tax exempt, the sale needs to meet what they call the "Eleven Key Elements" of an amended value option.

I was blatantly told that my Buyer Value Option program violated two of these elements. Specifically, one of the elements implies that there should be a significant amount of time that the corporation actually owns the home (generally at least a couple weeks). I was told that the property would be purchased from me at closing or slightly before closing with the eventual buyer; ensuring that the amount of time that they are exposed to the risk of owning the home negligible. Also, one of the key elements implies that the sale of the home to the corporation should not, in any way, be contingent upon any aspect of the ultimate sale to the buyer.

But I was told that the property would not be acquired from me until all of the ultimate buyer's inspections and contingencies had been met; clearly tying the acquisitions together.

The bottom line is that in order to meet the tax exemption, there must be some risk of home ownership taken on by the corporation.

But Cartus has devised it's program to pass off all risk away from the corporation and onto the seller. I'm confident that any audit by the IRS will result in severe penalties for any corporation that chooses to do business with Cartus.

Reason of review: Order processing issue.

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Guest

So basically Cartus follows the law except when instructed otherwise by their clients?

Cordaro Msi

The Employee Relocation Council’s 11 step program was approved by the Internal Revenue Service in 2005. Cartus delivers its services in accordance with industry standards, subject always to any direction and input from its employer-clients.

I invite you to make contact with me at the Cartus Office of the President (888-767-****) to discuss your move and your concerns.

Guest

I had the same experience. I think I'm going to file a 3949-A with the IRS. They make it fairly easy on their website.

http://www.irs.gov/Individuals/How-Do-You-Report-Suspected-Tax-Fraud-Activity%3F

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