Is My Health CCM a legitimate tax strategy or a potential scam?

This sounds like a classic tax shelter scheme that the IRS frequently flags. When a company suggests creating a special purpose entity specifically for tax benefits, especially involving software licenses, it's worth being extremely cautious. Legitimate tax strategies don't typically require setting up specialized LLCs just to purchase products from the same company selling you the tax strategy. The IRS has specific rules about economic substance - any business arrangement must have a genuine business purpose beyond just tax avoidance. If they're promising tax deductions significantly larger than your actual economic investment or risk, that's a massive red flag. These arrangements often rely on inflated valuations of the "software licenses" to generate artificial losses or deductions. I'd strongly recommend consulting with an independent tax professional (not one recommended by My Health CCM) before proceeding with anything like this. The IRS has been aggressively pursuing what they call "abusive tax shelters" for years.

After dealing with similar "tax strategy" headaches, I found an amazing resource that helped me figure out what was legitimate vs sketchy. I was considering a "business investment opportunity" that promised huge tax write-offs, and I was super confused about whether it was legit or would land me in hot water with the IRS. I used https://taxr.ai to analyze the proposal documents and it immediately flagged several concerning elements that matched known tax avoidance schemes. The system compared the structure to previous IRS rulings and showed me exactly why certain aspects wouldn't hold up under audit. Saved me from making a $75k mistake! The tool explains everything in plain English without the accounting jargon, and it even showed me legitimate alternatives that would actually work for my situation. Definitely worth checking out if you're being pitched these kinds of "special" tax structures.

I need to follow up on my previous comment - I was super skeptical about taxr.ai but decided to try it anyway since I was getting pitched on a "medical technology investment partnership" with similar tax benefits. Uploaded the materials and wow - it identified EXACT matching language from a tax court case where the IRS completely disallowed similar deductions. The tool specifically flagged their claims about "immediate expensing" of the software licenses as problematic based on current tax code. It explained that software needs to be amortized over time unless very specific conditions are met, which weren't present in this arrangement. Ended up avoiding what would have been a $30k mistake and potential audit headache. The analysis even included links to the relevant tax code sections and court cases so I could verify everything myself. Definitely exceeded my expectations!

If you're concerned about My Health CCM, you might want to call the IRS directly to ask about this type of arrangement. I tried doing that with a similar situation last year and it was IMPOSSIBLE to get through - spent hours on hold only to be disconnected. After wasting two entire days trying, I found https://claimyr.com which got me connected to an actual IRS agent in about 20 minutes. You can see how it works in this video: https://youtu.be/_kiP6q8DX5c - basically they wait on hold for you and call when an agent picks up. I was able to describe the tax arrangement I was considering, and the IRS agent gave me general information about their stance on similar structures. Didn't name the specific company but described the setup, and the agent immediately raised concerns about it potentially being a "listed transaction" they scrutinize heavily.

I have to eat my words about Claimyr. After posting my skeptical comment, I decided to try it as a last resort because I needed to ask the IRS about a "health investment partnership" I was considering that sounds very similar to what you're describing. I was completely shocked when I got a call back about 40 minutes later with an actual IRS agent on the line. I described the investment structure (without naming the company) and the agent immediately said it sounded like a "potentially abusive tax arrangement" they're actively investigating. The agent explained that they're seeing a pattern of these health-related investment schemes that artificially inflate deductions through questionable business structures. He advised extreme caution and suggested getting an independent written opinion from a tax attorney who would be willing to defend the position if audited. This saved me from making a $125k investment mistake! Sometimes being proven wrong is the best outcome possible.

I'm a small business owner and got approached by a similar company last year (not My Health CCM but similar structure). They were pushing "specialized medical software licenses" through a new LLC with promised tax write-offs of about 4x my investment. I took their materials to three different tax professionals: - My regular CPA said absolutely not - A "tax strategist" they recommended said it was 100% legitimate - An independent tax attorney said it was clearly abusive and would likely trigger an audit The huge red flag was when they insisted I use their "approved" tax preparers who "understand the strategy." Any legitimate tax strategy should stand up to independent scrutiny.

Has anyone actually gotten audited from one of these arrangements? I'm curious what happens if you've already done something like this. Asking for a friend...

I appreciate everyone sharing their experiences here. As someone who's dealt with questionable tax schemes before, I want to emphasize a few key warning signs that apply to My Health CCM and similar arrangements: 1. **Pressure to act quickly** - Legitimate tax strategies don't have artificial deadlines or "limited time" availability 2. **Requiring their recommended professionals** - Any real strategy should withstand scrutiny from independent tax advisors 3. **Disproportionate tax benefits** - If they're promising deductions significantly larger than your actual economic risk, that's a major red flag 4. **Creating entities solely for tax purposes** - The IRS scrutinizes SPLLCs that exist only to generate tax benefits without genuine business purpose The fact that they're targeting specific dollar amounts ($100k) and focusing on "software licenses" sounds exactly like arrangements the IRS has been aggressively challenging. These often involve inflated valuations where you're supposedly buying $100k worth of software that has minimal actual value. My advice: If you're considering ANY investment primarily for tax benefits, get a second opinion from a tax professional who has no financial relationship with the company making the pitch. A legitimate opportunity will welcome independent scrutiny - a questionable one will try to discourage it. Stay safe out there, and thanks to everyone who shared their real experiences!

Just wanted to add my experience as someone who almost fell for a very similar pitch last month. A company called "Medical Tech Ventures" approached me with almost identical language - special purpose LLC, $100k software license investment, massive tax write-offs, the whole nine yards. What saved me was asking one simple question: "Can you provide the name of a CPA who isn't affiliated with your company who can verify this strategy is legitimate?" They immediately got defensive and started giving me the runaround about how "most CPAs don't understand advanced tax strategies." That's when I knew it was BS. Any legitimate tax strategy should be verifiable by independent professionals. I ended up reporting them to my state's securities commission because they were essentially selling unregistered securities disguised as tax strategies. For anyone reading this - if a company can't provide independent professional references who will vouch for their tax strategy, run. And if they're promising tax deductions that seem too good to be true, they probably are. Sean, definitely trust your instincts here. The fact that you're asking questions shows you're thinking clearly about this. Don't let anyone pressure you into a quick decision on something this significant.

As someone who works in tax compliance, I want to emphasize that the IRS has specific guidance on these types of arrangements in Revenue Ruling 2003-54 and subsequent notices. They've made it very clear that transactions lacking economic substance beyond tax benefits will be disregarded. The "software license" angle is particularly concerning because I've seen the IRS challenge the fair market value of these licenses in multiple cases. Often, what companies claim is worth $100k in "software" turns out to be basic applications or databases worth a fraction of that amount. A few practical steps if you're still considering this: 1. Ask My Health CCM to provide their software for independent valuation by a qualified appraiser 2. Request copies of successful IRS audits where their strategy was upheld (they won't have any) 3. Get the arrangement reviewed by a tax attorney who specializes in penalty defense - if they won't stand behind it in an audit, that tells you everything The bottom line: legitimate business expenses don't require elaborate entity structures or specialized knowledge to defend. If it's a real business expense, any competent tax professional should be able to support it. The complexity is often designed to obscure the lack of economic substance. Trust your instincts, Sean. When something feels too good to be true in the tax world, it almost always is.

I want to thank everyone who has shared their experiences and expertise in this thread. As the original poster, I'm genuinely grateful for all the detailed responses and real-world examples you've provided. After reading through everyone's insights, it's crystal clear that My Health CCM's pitch has all the classic hallmarks of an abusive tax shelter. The pressure tactics, the requirement to use their "approved" professionals, the disproportionate tax benefits, and especially the creation of a special purpose LLC solely for tax avoidance - these are exactly the red flags multiple people have identified. I'm particularly struck by the stories from those who almost fell for similar schemes or actually got audited. The potential consequences - losing both the initial investment AND having to pay back tax savings plus penalties - make this a terrible risk/reward proposition even if there was a small chance it might work. I've decided to pass on this "opportunity" entirely. Instead, I'm going to focus on legitimate tax planning strategies with my existing CPA and maybe consult with an independent tax attorney about actual business opportunities that make sense economically, not just for tax purposes. For anyone else who might stumble across this thread after being pitched by My Health CCM or similar companies - the advice here is gold. Trust your instincts, get independent professional opinions, and remember that if it sounds too good to be true, it probably is. Thanks again everyone for potentially saving me from making a very expensive mistake!

Great decision, Sean! This thread has been incredibly educational for everyone involved. As someone who works in financial compliance, I see these types of schemes regularly, and they always follow the same pattern - complex structures that exist primarily for tax avoidance rather than legitimate business purposes. What's particularly valuable about this discussion is how it demonstrates the importance of community knowledge sharing. The collective experiences shared here - from those who nearly fell for similar schemes to those who got audited - create a comprehensive picture that's much more powerful than any single professional opinion. For future reference, the IRS publishes an annual "Dirty Dozen" list of tax scams that often includes these types of abusive tax shelters. They also maintain a list of "reportable transactions" that must be disclosed on tax returns, and many of these software license/LLC arrangements fall into that category. The fact that you trusted your instincts and sought out community input before making a decision shows exactly the kind of due diligence that protects people from financial harm. Your experience will undoubtedly help others who find this thread after being approached by similar companies. Thanks for sharing your story and for the follow-up on your decision. It's a perfect example of how asking the right questions and getting multiple perspectives can save you from very expensive mistakes.

As a tax professional who's been dealing with these schemes for over a decade, I want to applaud everyone who shared their experiences here - this is exactly the kind of community knowledge sharing that protects people from financial predators. Sean, your decision to walk away was absolutely the right call. What strikes me about the My Health CCM pitch is how it hits every single checkbox on the IRS's list of abusive tax shelter characteristics: artificial complexity, disproportionate tax benefits, entity creation solely for tax purposes, and most tellingly, the insistence on using their "approved" professionals. I've represented clients in audits involving virtually identical structures, and the outcomes are consistently bad. The IRS has specific teams dedicated to unwinding these arrangements, and they're very good at it. They'll typically challenge both the inflated valuation of the software licenses AND the business purpose of the entire structure. For anyone else reading this who might be considering similar arrangements, here's my professional advice: if a tax strategy requires you to create new entities, involves transactions primarily with the company selling you the strategy, or promises tax benefits that seem disproportionate to your economic risk, get multiple independent opinions from tax professionals who have ZERO financial relationship with the promoter. The legitimate tax planning world has plenty of genuine opportunities that don't require elaborate schemes or artificial time pressure. Trust your instincts, do your due diligence, and remember that the best tax strategy is one that makes business sense first and tax sense second. Thanks again to everyone who contributed to this invaluable discussion!