As an expert witness Lance Wallach side has never lost a case!
Specialize in 419 plans,412i plans, captive insurance plans, welfare benefit plans, section 79 plans
Lance Wallach and his associates provide Expert Witness ServicesPosted on January 9, 2014Lance Wallach Financial Group is a group of Expert Witness, Consulting, and Advisory Services provided by Lance Wallach and associates. Lance has impeccable credentials and 35 years of extensive professional experience addressing insurance, financial planning, pension plan, welfare benefit plan, and tax matters. Lance Wallach and his associates provide Expert Witness Services in federal courts, state courts, and arbitration venues throughout the United States. Lance also provides Consulting and Advisory Services to clients for non-litigation matters. She addresses technical and complex issues involving:Insurance and Annuity Matters§412(i) and §412(e)(3) Defined Benefit Pension Plans §419(e) and §419A(f)(6) Welfare Benefit Plans, and VEBA PlansFinancial PlanningTax MattersThis entry was posted in Uncategorized by Admin. Bookmark the permalink.0 THOUGHTS ON “LANCE WALLACH AND HIS ASSOCIATES PROVIDE EXPERT WITNESS SERVICES”lance on March 17, 2014 at 1:28 pm said:Your comment is awaiting moderation. Taxaudit419.comLawyer4audits.comVebaplan.OrgAbout MeMy PhotoLance WallachLance Wallach, Managing Director, is thenation’s leading expert on employee benefit plans,tax problem resolution and IRS audit defense.Mr. Wallach is a member of the AICPA faculty of
If you landed on this page while searching for information, there is a very good chance that your financial future is in jeopardy because of what the IRS now considers abusive tax shelters.You are almost certainly looking at: IRS Penalties, Fraud, Scams, Fines, and AuditsThese days people can’t afford to pay "IRS fines"of up to $200,000 for each year they were in a benefit or "retirement plan" they THOUGHT was working properly. If you are in a 412i "retirement plan" or a "419 welfare benefit plan" and got a "letter from the IRS", your money may be in serious trouble and you could be put out of business - permanently. You need to act IMMEDIATELY if you want to save your money, your business, or recover what has already been lost! If you participated in a 419e plan, 412i plan, Section 79, listed or reportable transaction you have very specific things to do to save you from IRS fines and penalties. We know what those things are and we know how to get it all done. We can help anyone with problems resulting from being in a listed transaction or a reportable transaction.“captive insurance” “section 79”"tax letter" "irs letter" "irs letters" "irs determination letter" 419e 412i 6707a "form 8886" "listed transactions" "abusive tax shelter assistance" "expert witness irs" veba "expert witness services" "Grist Mill Trust" Benistar "SADI Trust" "Beta 419" "Millennium Plan" Bisys "Creative Services Group" "Sterling Benefit Plan" "Compass 419" “Niche 419” "Sea Nine Veba" “419 plan” 412i 419e "expert witness insurance" "welfare benefit plans" "419 plan help" "expert witness irs" ““419 plan help” “412i plan help” “tax resolution services” “irs problem solvers” “form 8886” 6707a “irs letter” “abusive tax shelters” “abusive tax shelter” “listed transactions” “listed transaction” “8886 help” “expert witness” “insurance expert” “tax expert” “irs audit defense” “abusive tax shelter help” "tax letter" "irs letter" "irs letters" "irs determination letter" "form 8886" HELP IS AVAILABLE! Call 516-938-5007 today (services provided nationwide!) for a FREE phone consultation and find out right
Contact "Lance Wallach" and his team of "expert tax advisors" RIGHT NOW!If the IRS comes calling first, your delay could only cost you money!516-938-5007516-935-7346516-236-8440
IRS Hiring In Abusive Transactions Group DECEMBER 21, 2010 BY LANCEWALLACHBy Lance WallachHere 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: INTERNAL REVENUE AGENT (ABUSIVE TRANSACTIONS GROUP)Agency: Internal Revenue ServiceOpen Period: Monday, October 18, 2010 to Monday, November 01, 2010Sub Agency: Internal Revenue ServiceJob Announcement Number: 11PH1-SBB0058-0512-12/13Who May Be Considered:IRS employees on Career or Career Conditional Appointments in the competitive serviceTreasury Office of Chief Counsel employees on Career or Career Conditional Appointments or with prior competitive statusIRS employees on Term Appointments with potential conversion to a Career or Career Conditional Appointment in the same line of workAccording to the job description, the agents of the Abusive Transactions Group will be conducting examinations of individuals, sole proprietorships, small corporations, partnerships and fiduciaries. They will be examining tax returns and will “determine the correct tax liability, and identify situations with potential for understated taxes.”These agents will work in the Small Business/Self Employed Business Division (SB/SE) which provides examinations for about 7 million small businesses and upwards of 33 million self-employed and supplemental income taxpayers. This group specifically goes after taxpayers who generally have higher incomes than most taxpayers, need to file more tax forms, and generally need to rely more on paid tax preparers.” Their examinations can contain “special audit features or anticipated accounting, tax law, or investigative issues,” and look to make sure that, for example, specialty returns are filed properly.The fines are severe. Under IRC 6707A, fines are up to $200,000 annually for not properly disclosing participation in a listed transaction. There was a moratorium on those fines until June 2010, pending new legislation to reduce them, but the new law virtually guarantees you will be fined. The fines had been $200,000 per year on the corporate level and $100,000 per year on the personal level. You got the fine even if you made no contributions for the year. All you had to do was to be in the plan and fail to properly disclose your participation.You can possibly still avoid all this by properly filing form 8886 IMMEDIATELY with the IRS. Time is especially of the essence now. You MUST file before you are assessed the penalty. For months the Service has been holding off on actually collecting from people that they assessed because they did not know what Congress was going to do. But now they do know, so they are going to move aggressively to collection with people they have already assessed. There is no reason not to now. This is especially true because the new legislation still does not provide for a right of appeal or judicial review. The Service is still judge, jury, and executioner. Its word is absolute as far as determining what is a listed transaction.
Comments: Our Message Forum:Free Online ForumClick here to enter our Message Forum "Lance Wallach even tries to help the IRS go after the sellers of abusive 419, 412i, captive insurance and section 79 plans. He has also spoken at conventions partially sponsored by the IRS, met with IRS officials at their headquarters in Washington D.C. and has received phone calls from the IRS on point.""Lance Wallach does NOT give the IRS the names of people that RETAIN him to help them. Lance does not give the IRS the names of people that he refers to others for help"To: Itzkowitz Ronald RSubject: Lance WallachHope all is well with you. I never heard from your contact about the abusive shelter information that you sent to him. This stuff on section 79 and captive is not all over the net and is sold by the same promoters that used to sell the 412i and 419 scams??????Also please see attached two articles that mention section 79 and captives. When I speak at accounting conventions, or write articles about them I am sometimes attacked by promoters of the plans. The articles are not 100% correct, as the publications sometimes change content without checking with the authors.To: Itzkowitz Ronald RSubject: Re: Lance Wallach AAACPAThanks and please stay in touch. I hope my published articles were of help to someone at IRS. If you want I will continue to send them as I write them.From: Itzkowitz Ronald RSent: Monday, November 28, 2011 3:36 PMTo: Havicon Jon SCc: 'LAWALLACH@aol.com'Subject: RE: Lance WallachHi, Jon,Would you please follow-up with your contact.Thank,RonRonald R. ItzkowitzNational EP Customer Partnership AnalystInternal Revenue Service - Employee PlansLance WallachFrom: Ronald.R.Itzkowitz@irs.govTo: LAWALLACH@aol.comSubj: RE: Lance Wallach AAACPAHappy New Year Mr. Wallach and thanks for the article.RonRonald R. ItzkowitzFrom: Ronald.R.Itzkowitz@irs.govTo: LAWALLACH@aol.comGood Morning Mr. Wallach,Here is the reply I got. xxxxxxxxxxxxxxxxxxxxRonald R. ItzkowitzLance Wallach68 Keswick LaneTo: Itzkowitz Ronald RSubject: Re: Lance Wallach AAACPAThanks and please stay in touch. I hope my published articles were of help to someone at IRS. If you want I will continue to send them as I write them.From: Ronald.R.Itzkowitz@irs.govTo: LAWALLACH@aol.comSubj: RE: Lance Wallach AAACPAI did pass the articles along, and do continue to send themRonald.R.Itzkowitz@irs.govCC: LAWALLACH@aol.comSubj: RE: Lance WallachI forwarded this to Pam xxxxxxxxxx, who is an LDC contact..From: LAWALLACH@aol.com [mailto:LAWALLACH@aol.com]Sent: Monday, November 28, 2011 2:01 PMTo: Itzkowitz Ronald RSubject: Lance WallachHope all is well with you. I xxxxxxxxxxxxxxxxxx. This stuff on section 79 and captive is all over the net and is sold by the same promoters that used to sell the 412i and 419 scams??????Also please see attached two articles that mention section 79 and captives. xxxxxxxxx