Expert Witness, Life insurance litigation, Lance Wallach

Expert Witness, Life insurance litigation, Lance Wallach

2 comments:

  1. Like us on FacebookFollow us on TwitterView our profile on LinkedIn the opposite is also true. Some 419 Plans and 412(i) Plan are very well

    Nationwide Assistance

    E mail Us

    Visit Our Website


    Serving
    clients
    nationwide




    Every one of our
    consulting
    attorneys, CPAs
    & ex IRS Agents
    has over 25 years
    of professional

    experience! We
    believe that no
    firm has more
    experienced
    professionals to
    assist our clients
    than we do!





    IRS Goes After Captive Insurance
    by Lance Wallach




    Life Insurance-IRS Goes After Captive Insurance
    by Lance Wallach
    Life insurance agents recently started pushing the newest variety of high-ticket items. After the IRS almost put 419 plans out of business and severely curtailed abusive 412i plans they needed another way to sell large commission life insurance policies. Many of the promoters of the 419 and 412i plans are now promoting section 79 and captive insurance plans. They claim that these plans allow businesses to tax deduct life insurance. As in the past, these promoters claim that most of the benefits would be for the business owners. I have been an expert witness in many cases against these abusive plans and my side has never lost a case.






    Listed Transactions


    If you are in what the IRS calls a Listed Transaction, or something similar to it, you will probably receive a very large fine for each year that you have been in the program.

    You are fined whether or not you make a contribution. If an accountant signs a tax return for a client who is in a listed transaction, he is fined 100k for being what is called a material advisor. If an insurance agent, or someone else, sells one of these plans he is also probably a material advisor.

    We have assisted thousands of people in this situation. Once you receive the fine, we cannot help you. Usually, a lawsuit results.





    Lance Wallach

    Read How One Doctor Almost Lost Everything




    Irsform8886.com

    IRS 8886 form - Find help filing new, or correcting improper forms
    Description: irsform8886.com is your best source of help for proper completion of the IRS 8886 forms of 419e and 412i plans or any other plan that the IRS calls a listed transaction.





    Our Professional Services:





    The Offices of Lance Wallach


    Tax Fraud Defenses
    Tax penalty abatement
    IRS audit appeals
    U.S. Tax Court cases
    Multinational taxation consulting
    Incorporating your business
    Recovering losses from insurance companies & brokerage
    firms
    Tax shelter analysis
    Pension plan reviews & evaluations
    419 & 412 type benefit plan analysis, remediation
    Offshore tax shelter issues
    IRS listed transactions assistance
    Expert witness testimony for tax, insurance & retirement plan
    cases
    SSI & Disability benefits advocates
    Pension & Benefit Plan Fraud
    Insurance Company Fraud








    FAST PITCH NETWORKING
    Posted: Dec. 10

    By Lance Wallach


    Here it is.
    Here is your proof of my predictions. Perhaps you didn't believe me when I told you the IRS was coming after what it has deemed "abusive transactions," but here it is, right from the IRS's own job posting. If you were involved with a 419e, 412i, listed transaction, abusive tax shelter, Section 79, or captive, and you haven't yet approached an expert for help with your situation, you had better do it now, before the notices start piling up on
    your desk.


    A portion of the exact announcement from the Department of the Treasury:
    Job Title: I

    ReplyDelete
  2. Like us on FacebookFollow us on TwitterView our profile on LinkedIn the opposite is also true. Some 419 Plans and 412(i) Plan are very well

    Nationwide Assistance

    E mail Us

    Visit Our Website


    Serving
    clients
    nationwide




    Every one of our
    consulting
    attorneys, CPAs
    & ex IRS Agents
    has over 25 years
    of professional

    experience! We
    believe that no
    firm has more
    experienced
    professionals to
    assist our clients
    than we do!





    IRS Goes After Captive Insurance
    by Lance Wallach




    Life Insurance-IRS Goes After Captive Insurance
    by Lance Wallach
    Life insurance agents recently started pushing the newest variety of high-ticket items. After the IRS almost put 419 plans out of business and severely curtailed abusive 412i plans they needed another way to sell large commission life insurance policies. Many of the promoters of the 419 and 412i plans are now promoting section 79 and captive insurance plans. They claim that these plans allow businesses to tax deduct life insurance. As in the past, these promoters claim that most of the benefits would be for the business owners. I have been an expert witness in many cases against these abusive plans and my side has never lost a case.






    Listed Transactions


    If you are in what the IRS calls a Listed Transaction, or something similar to it, you will probably receive a very large fine for each year that you have been in the program.

    You are fined whether or not you make a contribution. If an accountant signs a tax return for a client who is in a listed transaction, he is fined 100k for being what is called a material advisor. If an insurance agent, or someone else, sells one of these plans he is also probably a material advisor.

    We have assisted thousands of people in this situation. Once you receive the fine, we cannot help you. Usually, a lawsuit results.





    Lance Wallach

    Read How One Doctor Almost Lost Everything




    Irsform8886.com

    IRS 8886 form - Find help filing new, or correcting improper forms
    Description: irsform8886.com is your best source of help for proper completion of the IRS 8886 forms of 419e and 412i plans or any other plan that the IRS calls a listed transaction.





    Our Professional Services:





    The Offices of Lance Wallach


    Tax Fraud Defenses
    Tax penalty abatement
    IRS audit appeals
    U.S. Tax Court cases
    Multinational taxation consulting
    Incorporating your business
    Recovering losses from insurance companies & brokerage
    firms
    Tax shelter analysis
    Pension plan reviews & evaluations
    419 & 412 type benefit plan analysis, remediation
    Offshore tax shelter issues
    IRS listed transactions assistance
    Expert witness testimony for tax, insurance & retirement plan
    cases
    SSI & Disability benefits advocates
    Pension & Benefit Plan Fraud
    Insurance Company Fraud








    FAST PITCH NETWORKING
    Posted: Dec. 10

    By Lance Wallach


    Here it is.
    Here is your proof of my predictions. Perhaps you didn't believe me when I told you the IRS was coming after what it has deemed "abusive transactions," but here it is, right from the IRS's own job posting. If you were involved with a 419e, 412i, listed transaction, abusive tax shelter, Section 79, or captive, and you haven't yet approached an expert for help with your situation, you had better do it now, before the notices start piling up on
    your desk.


    A portion of the exact announcement from the Department of the Treasury:
    Job Title: I

    ReplyDelete