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
419, ABUSIVE TAX SHELTERTROUBLE FOR THOSE EVADING TAXES THROUGH ABUSIVE TAX SHELTERSJUNE 1, 2015 L LEAVE A COMMENT EDITPHOENIX — The Internal Revenue Service said using abusive tax shelters and structures to avoid paying taxes continues to be a problem and remains on its annual list of tax scams known as the “Dirty Dozen” for the 2015 filing season.“The IRS is committed to stopping complex tax avoidance schemes and the people who create and sell them,” said John Koskinen, IRS Commissioner. “The vast majority of taxpayers pay their fair share, and we are warning everyone to watch out for people peddling tax shelters that sound too good to be true.”Abusive tax structuresAbusive tax schemes have evolved from simple structuring of abusive domestic and foreign trust arrangements into sophisticated strategies that take advantage of the financial secrecy laws of some foreign jurisdictions and the availability of credit/debit cards issued from offshore financial institutions.IRS Criminal Investigation, also known as CI, has developed a nationally coordinated program to combat these abusive tax schemes. CI’s primary focus is on the identification and investigation of the tax scheme promoters as well as those who play a substantial or integral role in facilitating, aiding, assisting, or furthering the abusive tax scheme, such as accountants or lawyers. Just as important is the investigation of investors who knowingly participate in abusive tax schemes.