The Ultimate Tax Plan Of Donations Of LLC Interests To Charity Leads To The Indictment Of Michael Meyer

Back in 2019, I wrote about the prolific Florida tax shelter promoter Mike Meyer in my article Mike Meyer’s ‘Ultimate Tax Plan’ Involving Charitable LLCs And LPs Hit With DOJ Permanent Injunction (April 29, 2019). Today, we revisit Mike Meyer to find that he now faces the ultimate penalty for selling tax abusive tax shelters: He has been indicted. This information comes to us compliments of a July 21, 2023, press release by the U.S. Department of Justice entitled Florida Attorney Charged in Fraudulent Charitable Contribution Tax Scheme and the Indictment dated June 29, 2023. It is all extremely interesting. Standard word of caution, of course, that an indictment is not a conviction, and allegations in an indictment are not factual findings.

The indictment outlines that Meyer first set up several tax-exempt charities to facilitate his Ultimate Tax Plan, including National Endowment Association, Inc., Grace Heritage Corporation, and Indiana Endowment Fund, Inc., which were all formed with the officers being (at least initially) Meyer and his parents. Later, Meyer set up Indiana Endowment Foundation, Inc., Compassion Beyond Borders, Inc., and “Charity A” (as described in the indictment) with other outside persons serving as the officers.