tag:blogger.com,1999:blog-30375895504990178622024-03-06T04:14:43.041-05:00419 Plans419 and 412i benefit plans, Abusive tax shelters, Lance Wallach Expert Witnesslance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.comBlogger378125tag:blogger.com,1999:blog-3037589550499017862.post-60319789885735753582022-05-19T08:04:00.001-04:002022-05-19T08:04:09.166-04:00Avoid IRS FINES, 8886 Forms Listed Reportable Transactions Lawline.com C...<iframe style="background-image:url(https://i.ytimg.com/vi/3I3SHVVluWo/hqdefault.jpg)" width="480" height="270" src="https://youtube.com/embed/3I3SHVVluWo" frameborder="0"></iframe>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-45499974402831036932022-05-19T08:01:00.001-04:002022-05-19T08:01:34.386-04:00Avoid IRS FINES, 8886 Forms Listed Reportable Transactions Lawline.com C...<iframe style="background-image:url(https://i.ytimg.com/vi/3I3SHVVluWo/hqdefault.jpg)" width="480" height="270" src="https://youtube.com/embed/3I3SHVVluWo" frameborder="0"></iframe>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-23660890107661868872022-03-20T19:47:00.003-04:002022-03-20T19:47:42.784-04:00Captive Insurance and Section 79 Scams, 419e and 412i Producing Large IRS fines<a href="http://www.articlesbase.com/investing-articles/captive-insurance-and-section-79-scams-419e-and-412i-producing-large-irs-fines-3460488.html">Captive Insurance and Section 79 Scams, 419e and 412i Producing Large IRS fines</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-70163591645051938582022-03-20T19:47:00.002-04:002022-03-20T19:47:27.157-04:00412i-419 Plans: IRS Audits Focus on Captive Insurance Plans - Lanc...<a href="http://419plans.blogspot.com/2014/07/irs-audits-focus-on-captive-insurance.html?spref=bl">412i-419 Plans: IRS Audits Focus on Captive Insurance Plans - Lanc...</a>: IRS Audits Focus on Captive Insurance Plans - Lance Wallachlance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com1tag:blogger.com,1999:blog-3037589550499017862.post-37226487902041939362022-03-20T19:47:00.001-04:002022-03-20T19:47:13.537-04:00412i, 419, Lawsuits, IRS Audits - HGExperts.com<a href="http://www.hgexperts.com/article.asp?id=26350">412i, 419, Lawsuits, IRS Audits - HGExperts.com</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-65688344404896788812022-03-20T19:47:00.000-04:002022-03-20T19:47:00.088-04:00Lance Wallach on 419, 412i, and more<iframe allowfullscreen="" frameborder="0" height="270" src="//www.youtube.com/embed/CEVGr-WgWA8" width="480"></iframe>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-75326056859150972182022-03-20T19:46:00.001-04:002022-03-20T19:46:39.585-04:00412i-419 Plans: KENNETH ELLIOT: Sea Nine VEBA Important | Why You Should Not Own Mutual Funds<a href="http://mfunds2.blogspot.com/2014/03/412i-419-plans-kenneth-elliot-sea-nine_7668.html">412i-419 Plans: KENNETH ELLIOT: Sea Nine VEBA Important | Why You Should Not Own Mutual Funds</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-74145168048499516132022-03-20T19:46:00.000-04:002022-03-20T19:46:26.159-04:00419 Plan<a href="http://www.419-litigation.com/#.U72hFzMoOIs.blogger">419 Plan</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com3tag:blogger.com,1999:blog-3037589550499017862.post-36660660223079363322022-03-20T19:45:00.002-04:002022-03-20T19:45:53.511-04:00IRS tax relief firm, Lance Wallach, speaking: 419 Plan<a href="http://lancevids.blogspot.com/2014/07/419-plan.html?spref=bl">IRS tax relief firm, Lance Wallach, speaking: 419 Plan</a>: 419 Planlance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-50796237911265022012022-03-20T19:45:00.001-04:002022-03-20T19:45:37.483-04:00Class Claims Axed In Tax Shelter Suit Against Insurer - Law360<a href="http://www.law360.com/articles/548439/class-claims-axed-in-tax-shelter-suit-against-insurer">Class Claims Axed In Tax Shelter Suit Against Insurer - Law360</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-19612541975644864292022-03-20T19:45:00.000-04:002022-03-20T19:45:22.868-04:00IRS tax relief firm, Lance Wallach, speaking: 419 Plan<a href="http://lancevids.blogspot.com/2014/07/419-plan.html?spref=bl">IRS tax relief firm, Lance Wallach, speaking: 419 Plan</a>: 419 Planlance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com1tag:blogger.com,1999:blog-3037589550499017862.post-44275479924637530712022-03-20T19:44:00.000-04:002022-03-20T19:44:01.761-04:00IRS Audits Focus on Captive Insurance Plans - Lance Wallach<a href="http://www.lancewallach.com/employeeretirementplan.html">IRS Audits Focus on Captive Insurance Plans - Lance Wallach</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-39913524066807916072022-03-20T19:37:00.000-04:002022-03-20T19:37:10.705-04:00John Hancock, law firm face tax shelter racketeering lawsuit - Chicago Tribune<a href="http://articles.chicagotribune.com/2012-09-19/business/sns-rt-us-hancock-lawsuitbre88i16p-20120919_1_tax-shelter-firm-edwards-angell-palmer">John Hancock, law firm face tax shelter racketeering lawsuit - Chicago Tribune</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com1tag:blogger.com,1999:blog-3037589550499017862.post-68943334296938588402022-03-20T19:36:00.002-04:002022-03-20T19:36:53.651-04:00Google - Bookmarks<a href="https://www.google.com/bookmarks/lookup?hl=en&btnA=&sig=AODP23YAAAAAU72bnrUWeU3_XdlMyP01L5T5h5KY4oYF&bkmk=1">Google - Bookmarks</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com1tag:blogger.com,1999:blog-3037589550499017862.post-89219423994032387782022-03-20T19:36:00.001-04:002022-03-20T19:36:37.357-04:00Why Choose the Lance Wallach Team?<a href="http://taxadvisorexperts.org/Testimonials.html">Why Choose the Lance Wallach Team?</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-6114829391808473952022-03-20T19:36:00.000-04:002022-03-20T19:36:06.783-04:00412i-419 Plans: IRS Attacks Many Business Owners with Huge Fines (...<a href="http://419plans.blogspot.com/2014/01/irs-attacks-many-business-owners-with.html?spref=bl">412i-419 Plans: IRS Attacks Many Business Owners with Huge Fines (...</a>: IRS Attacks Many Business Owners with Huge Fines (412i, 419, captives, sect 79) IRS may be auditing many more participating employers in t...lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com1tag:blogger.com,1999:blog-3037589550499017862.post-37109373668591990032022-03-20T19:35:00.000-04:002022-03-20T19:35:23.841-04:00IRS Attacks Benefit Plan<a href="http://www.taxlibrary.us/IRS_Attacks_Benefit_Plan.html">IRS Attacks Benefit Plan</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-15565006416492555722022-03-20T19:33:00.001-04:002022-03-20T19:33:47.453-04:00412i, 412e3, www.412iplans.org Lawline.com Continuing Legal Education<iframe allowfullscreen="" frameborder="0" height="344" src="//www.youtube.com/embed/xH0q05BAHdM" width="459"></iframe>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com1tag:blogger.com,1999:blog-3037589550499017862.post-55172925711194044342022-03-20T19:33:00.000-04:002022-03-20T19:33:30.481-04:00412i, 412e3, www.412iplans.org Lawline.com Continuing Legal Education<iframe allowfullscreen="" frameborder="0" height="344" src="//www.youtube.com/embed/xH0q05BAHdM" width="459"></iframe>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-86228588276881129202022-03-20T19:17:00.000-04:002022-03-20T19:17:49.960-04:00Treasury and IRS Shut Down Abusive Life Insurance Policies in Retirement Plans<a href="http://www.irs.gov/uac/Treasury-and-IRS-Shut-Down-Abusive-Life-Insurance-Policies-in-Retirement-Plans">Treasury and IRS Shut Down Abusive Life Insurance Policies in Retirement Plans</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com1tag:blogger.com,1999:blog-3037589550499017862.post-85467325432835030872022-03-20T19:14:00.001-04:002022-03-20T19:14:57.550-04:00How to Get Fined $100,000 by the IRS and Lose Your License<a href="http://www.taxaudit419.com/Article-14-How_To_Get_Fined_100K_Lose_License.html#.U7KhEkmF2wA.blogger">How to Get Fined $100,000 by the IRS and Lose Your License</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-43021313056344446562022-03-20T19:14:00.000-04:002022-03-20T19:14:27.570-04:00412i-419 Plans: KENNETH ELLIOT: United States Of America, ...<a href="http://419plans.blogspot.com/2014/04/kenneth-elliot-united-states-of-america.html?spref=bl">412i-419 Plans: KENNETH ELLIOT: United States Of America, ...</a>: KENNETH ELLIOT: United States Of America, ... : United States Of America, ...lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com1tag:blogger.com,1999:blog-3037589550499017862.post-32679364590221830012022-03-20T19:13:00.000-04:002022-03-20T19:13:18.877-04:00Veba Health Care: November 2013<a href="http://vebahealthcarelancewallach.blogspot.com/2013_11_01_archive.html">Veba Health Care: November 2013</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com0tag:blogger.com,1999:blog-3037589550499017862.post-26641060215611293032022-03-20T19:12:00.000-04:002022-03-20T19:12:19.157-04:00Veba Health Care: December 2013<a href="http://vebahealthcarelancewallach.blogspot.com/2013_12_01_archive.html">Veba Health Care: December 2013</a>lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com1tag:blogger.com,1999:blog-3037589550499017862.post-77826008884192855342022-03-20T19:10:00.000-04:002022-03-20T19:10:03.901-04:00Similarities and Differences Between IRC Section 419A(f)(6) and IRC Section 419(e) Plans CPA’s Guide to Life Insurance<div class="MsoNormal">
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<b>Author/Moderator: Lance Wallach, CLU, CHFC, CIMC<o:p></o:p></b></div>
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<b>Below is an excerpt from one of Lance Wallach’s new books.<o:p></o:p></b></div>
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<b>Similarities and Differences Between IRC Section 419A(f)(6) and IRC Section 419(e) Plans<o:p></o:p></b></div>
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<span style="font-family: "times new roman" , "serif"; font-size: 13.0pt;"> One popular type of listed transaction is the so-called “welfare benefit plan,” which once relied on IRC §419A(f)(6) for its authority to claim tax deductions, but now more commonly relies on IRC §419(e). The IRC §419A(f)(6) plans used to claim that the section completely exempted business owners from all limitations on how much tax could be deducted. In other words, it was claimed, tax deductions were unlimited. These plans featured large amounts of life insurance and accompanying large commissions, and were thus aggressively pushed by insurance agents, financial planners, and sometimes even accountants and attorneys. Not to mention the insurance companies themselves, who put millions of dollars in premiums on the books and, when confronted with questions about the outlandish tax claims made in marketing these plans, claimed to be only selling product, not giving opinions on tax questions.</span></div>
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lance wallachhttp://www.blogger.com/profile/05381002998730283542noreply@blogger.com1