Thursday, June 1, 2017

Lance Wallach

Lance Wallach

An organization to help those harmed by the IRS, don't let what happened to Bruce happen to you

4 comments:

  1. Lance Wallach Wrote the Book

    New and Bestselling AICPA CPE Self-Study Courses
    At the AICPA Store you'll find more than 200 titles in a variety of formats to best meet your needs. Get practical guidance. Stay up-to-date on hot topics. Train your staff. Meet CPE reporting deadlines. Get real-time exam results with online grading. Check out this month's picks below. Turn to the AICPA for quality, value and convenience in CPE self-study products. Order today.

    Author/Moderator: Lance Wallach, CLU, CHFC, CIMC
    Publisher: AICPA
    Availability: In Stock
    Chapter 1 - Planning for Business Owners
    Learning Objectives
    Introduction
    Building the Perfect Retirement Plan
    SEP IRA: The Good
    SEP IRA: The Bad
    SEP IRA: The Ugly
    The K
    The Double K
    Defined Benefit Plans
    Adding Survivor Benefits
    412(i) Defined Benefit Plan
    Cash Balance Plans
    VEBAs and 419 Plans
    Taxability of Trust Net Income
    Taxability of Excess Benefits
    Group-Term Life Insurance Plan
    Post-Retirement Medical Benefit
    Voluntary Employees Beneficiary Association (VEBA) - Commentary
    New Development - Welfare Benefit Plans under Section 419(e)
    Executive Carve Out Long-Term Care
    What Is Long-Term Care?
    How Much Does It Cost
    Benefits of Long-Term Care Insurance to Employees
    Benefits of Long-Term Care Insurance to Employers
    Executive Carve Out Long-Term Care
    Taxability
    Long-Term Care Insurance Premium Deductibility
    2007 Eligible Long-Term Care Insurance Premiums Age-Based Deduction Limits

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  2. Help with Common IRS Problems

    Tuesday, March 11, 2014

    Listed Transactions & 419 Plans Litigation: Have You Dealt With Any Of These People?Kenny Ha...
    Listed Transactions & 419 Plans Litigation: Have You Dealt With Any Of These People?

    Kenny Ha...: Have You Dealt With Any Of These People? Kenny Hartstein Dennis Cunning Steve Toth Larry Bell Scott Rid...



    Two federal regulatory agencies are in hot pursuit of a shadowy hedge fund figure and various companies associated with him, claiming they pumped millions into Bernard Madoff feeder funds and other unsuccessful investments, then lied about the losses.



    On Sept. 7, both the Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission filed actions in the federal Northern District of Illinois against Nikolai S. Battoo, 41, who apparently has most recently operated in Florida.



    In announcing its action, the SEC said Battoo has run numerous hedge funds and claims to manage $1.5 billion for investors worldwide, including at least $100 million in the United States.



    Battoo has gathered “tens of millions of dollars” in investments since 2009, all the while losing millions more, the SEC also said in a detailed, 32-page complaint.



    He has managed money through a series of companies including BC Capital Group, of Panama, and BC Capital Group Limited, which is believed to be run from Hong Kong. He also manages several hedge funds and is “senior advisor” for an outfit called Private International Wealth Management, and is thought to be affiliated with FuturesOne LLC, a commodities pool located in Lincoln, Neb.Have You Dealt With Any Of These People?



    Kenny Hartstein Dennis Cunning Steve Toth

    Larry Bell Scott Ridge Randall Smith

    Greg Roper Tracy Sunderlage Joseph Donnelly

    Norm Bevan Michael Sonnenberg Judy Carsrud

    Michael Carroll Anthony Fakouri

    Steve Burgess Tom Crosswhite 

    Wednesday, August 22, 2012



    Have You Dealt With Any Of These People?



    Kenny Hartstein Dennis Cunning Steve Toth

    Larry Bell Scott Ridge Randall Smith

    Greg Roper Tracy Sunderlage Joseph Donnelly

    Norm Bevan Michael Sonnenberg Judy Carsrud

    Dan Carpenter Michael Carroll Anthony Fakouri

    Steve Burgess Tom Crosswhite







    Than You Should Know:



    The dangers of being "listed"A warning for 419, 412i, Sec.79 and captive insurance

    As published in:AccountingToday: October 25, 2010By: Lance Wallach

    Taxpayers who previously adopted 419, 412i, captive insurance or Section 79 plans are in big trouble.



    In recent years, the IRS has identified many of these arrangements as abusive devices to funnel tax deductible dollars to

    shareholders and classified these arrangements as "listed transactions."

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  3. SearchMain menu
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    Captive Insurance
    Posted on February 12, 2014
    Choosing a domicile.

    ■ Regulatory environment. Some jurisdictions are friendlier than others, or their

    statutes may permit different used and forms of captives.

    ■ Minimum capitalization requirements – varies between jurisdictions from

    $150,000 to $750,000. Separate series of a group captive requires risk-based

    amount of capital, typically

    ■ Start-up costs and annual maintenance – typical start-up costs range from

    $50,000 to $80,000 for pure captive (plus required capital) and from $20,000

    to $25,000 for cell (or series) of group captive.

    ■ Underwriting risk classification

    • Traditional coverage or non-traditional coverage, such as loss of license.

    ■ Tax implications.

    • Small insurance company with premiums less than $1,200,000. See

    Section 831(b) of the Internal Revenue Code. Applies to US tax-law

    compliant companies.

    • Excise taxes on premiums paid for non-US captives.





    This entry was posted in Uncategorized and tagged Captive Insurance, Captive Insurance History, compliance, Expert Witness, Lance Wallach, Lance Wallach Expert Witness by Admin. Bookmark the permalink.
    0 THOUGHTS ON “CAPTIVE INSURANCE”
    lance on April 10, 2014 at 12:55 pm said:
    Your comment is awaiting moderation.
    412i 419E IRS Audits and Problems
    412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.
    Thursday, March 29, 2012

    Captive Insurance and Other Tax Reduction Strategies – The Good, Bad, and Ugly

    By Lance Wallach May 14th

    Every accountant knows that increased cash flow and cost savings are critical for businesses. What is uncertain is the best path to recommend to garner these benefits.

    Over the past decade business owners have been overwhelmed by a plethora of choices designed to reduce the cost of providing employee benefits while increasing their own retirement savings. The solutions ranged from traditional pension and profit sharing plans to more advanced strategies.

    Some strategies, such as IRS section 419 and 412(i) plans, used life insurance as vehicles to bring about benefits. Unfortunately, the high life insurance commissions (often 90% of the contribution, or more) fostered an environment that led to aggressive and noncompliant plans.

    The result has been thousands of audits and an IRS task force seeking out tax shelter promotion. For unknowing clients, the tax consequences are enormous. For their accountant advisors, the liability may be equally extreme.

    Recently, there has been an explosion in the marketing of a financial product called Captive Insurance Plans These so called “Captives” are typically small insurance companies designed to insure the risks of an individual business under IRS code section 831(b). When properly designed, a business can make tax-deductible premium payments to a related-party insurance company. Depending on circumstances

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  4. Lance Wallach Life Insurance

    Wednesday, April 30, 2014
    Why You Should Stay Away from Section 79 Life Insurance Plans
    I’ve had several calls lately from doctors who are being pitched Section 79 plans and are wondering if these plans are any good. The doctors are being told that Section 79 plans are the best wealth-building tool they can use to reduce their income taxes and create a tax-free retirement income

    Must Read
    Posted by Lance Wallach at 9:02 AM
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    Labels: Class Action Lawsuit, Financial, insurance, insurance plans, Section 79
    1 comment:

    Lance WallachMay 2, 2014 at 10:00 AM
    Lance Wallach helps with 419 problems. 412i 419 abusive tax shelters IRS audits, lawsuits, Lance Wallach will help www.vebaplan.com
    419, 412i, IRS audits, Lance Wallach, Google him helps, The following had something to do with this.
    Dennis Cunning Steve Toth Randall Smith Paul Kaplan Herb Green Casey Hermansen
    Larry Bell Scott Ridge Judy Carsrud Jeffrey Glasberg Herb McDowel
    Greg Roper Joseph Donnelly
    Norm Bevan Michael Sonnenberg
    r Anthony Fakouri
    Steve Burgess
    Robin Weingast
    IRS audits 419 412i captive insurance and section 79 plans. Lance Wallach will help you.

    IRS audits section 79 419 412i plans. www.lancewallach.com for help
    , IRS raids, Niche, Robin Weingast, Lance Wallach helps, Sadi trust, grist Mill trust, nova 419 welfare benefit plan problems and how Lance Wallach helps.www.vebaplan.com for more help. Sea Nine VEBA, 419, 412i, IRS audits,Sea Nine VEBA, are all audited by the IRS and people in them probably need help.
    Sea Nine VEBA, 419,412i are all IRS audit targets. Lance Wallach can help, www.tazaudit419.com
    419, 412i, IRS audits, Lance Wallach, Google him helps, The following had something to do with this. Author to write about these problems.
    Dennis Cunning Steve Toth Randall Smith Paul Kaplan Herb Green Casey Hermansen
    Larry Bell Scott Ridge Judy Carsrud Jeffrey Glasberg Herb McDowel
    Greg Roper Joseph Donnelly
    Norm Bevan Michael Sonnenberg
    Anthony Fakouri
    Steve Burgess
    Robin Weingast
    " Lance Wallach will help fix the problems that people have that are or were in the plans.
    "Professional Benefits Trust" PBI

    "Sea Nine Veba"
    Bisys
    The "Beta Plan"
    The "Millennium Plan"

    Niche
    The "Ridge Plan"


    The "Compass Welfare Benefit Plan"
    "Section 79 Plans"
    "Captive Insurance"
    and other similar "412i retirement plans" and "419 welfare benefit plans

    Lance Wallach, www.taxaudit419.com will help you with these problems and more like section 79, captive insurance lawsuits and IRS audits. People in the section 79 plans 419 welfare benefit plans captive insurance and 412i pension plans are getting audited by the IRS and then they sue. Google Lance Wallach for help with this. If you need help Lance Wallach as an expert witness has never lost a case. You need help NOW. Google lance wallach or www.vebaplan.com for 419 412i captive insurance or section 79 audits lawsuits get your money back etc.

    Customers of James Cunningham d/b/a Cunningham Financial or CFG Consulting LLC? We want to speak with you!
    IRS audits and lawsuits result from 419 412i captive insurance and section 79 plans. As an expert witness Lance Wallach has never lost a case.

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