Thursday, June 1, 2017

Expert Witness_ Lance Wallach

 Expert Witness, Consulting, and Advisory Services for §419A(f)(6) and §419(e) Welfare Benefit Plan Matters and VEBA Plan Mattersaddress technical and complex issues involving: 
  • §419(e) and §419A(f)(6) Welfare Benefit Plans 
  • VEBA Plans
  • Insurance Policies Held by the Plan
  • Tax Issues:  IRS and State Taxing Authority Audits; Tax Return and Tax Form Filings; Reportable Transactions; Listed Transactions; §6707A Penalties; Excise Tax
  • Statute of Limitations:  IRS Audit, State Taxing Authority Audit, and Tax Collection Issues
  • Regulations and Compliance:  Internal Revenue Code, State Revenue Code, ERISA
  • Suitability, Non-Discrimination Rules, Fiduciary Duties
  • Plan Administration
  • Plan Contributions, Distributions, and Termination
  • Liability Analysis
  • Damage Analysis and Calculations

2 comments:

  1. Lance Wallach
    412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.

    Monday, March 3, 2014

    KENNETH ELLIOT: Defendant Kenneth Elliot
    KENNETH ELLIOT: Defendant Kenneth Elliot: Defendant Kenneth Elliot personally and through both his employment with co-defendant Sea Nine Associates, Inc., a number of related entitie...

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  2. 412i-419 Plans
    419 & 412i benefit plan,abusive tax shelters, Lance Wallach Expert Witness

    Tuesday, March 11, 2014
    SEA NINE VEBA: Document 1 Filed 10/09/13
    SEA NINE VEBA: Document 1 Filed 10/09/13: That this Court,pursuant to L.R.C. 7402 and 7408, enter a permanent injunction prohibiting Defendants Kenneth Elliot (d/b/a KAE Insurance Se...



    Form 8886 & 419 Litigation Plans
    412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.
    Monday, January 21, 2013

    IRS to Audit Sea Nine VEBA Participating Employers

    December 20, 2012 By Lance Wallach, CLU, CHFC




    IRS audit of Sea Nine participating employers
    By Lance Wallach

    IRS audit of Sea Nine participating employers
    In recent months, I have received phone calls from participants in the Sea Nine VEBA and have learned that the IRS may be auditing many more participating employers in the coming months. To better assist current Sea Nine clients and those that are now or may be under audit in the future, my associates who are CPAs, tax attys and former IRS employees will continue to help with the Sea Nine VEBA victims and others in 419 412i captive insurance and section 79 scams and answer the following:

    • What is the IRS’s position with respect to the Sea Nine VEBA,419 captive insurance and section 79 scams?

    • What will be the likely result of my audit?• What are other participants doing with respect to the audits?

    • Will the IRS impose interest and penalties?

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