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consultation, unlimited audit protection, and free tax return
preparation.
Typically, individuals purchased the TRS materials and PTA
services for a $300 downpayment and monthly payments of $100.
Through TRS, a participant could receive a “bonus” from
Renaissance for sponsoring participants who joined TRS and/or
purchased TRS materials, although the manner in which the bonus
is computed is less than clear from the Renaissance materials.
The Renaissance program also provided a participant with a
“bonus” on the “downline” sponsorships of other individuals who
joined TRS.
Petitioner completed an application and became a participant
in TRS “towards the end of 1999.” Prior to that time, petitioner
had not been engaged in any home-based business activity.
Despite the fact that some of the materials provided by
Renaissance were, according to petitioner, “difficult for the
ordinary man to understand”, petitioners did not seek independent
tax or legal advice relating to participating in the program.
As required by his TRS membership, petitioner made monthly
payments of $100 to Renaissance throughout the 2000. Petitioner
also purchased various products from Renaissance, including
audiotapes, record-keeping materials, and catalogs.
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Last modified: May 25, 2011