Defendants Organize, Operate and/or promote a scheme- VEBA PLANS Defendants organize, operate, and or promote a scheme in which they sell to customers owning smalloften closely-held companies participation in Voluntary Employee Beneficiary Associates (VEBA) plans. The defendants claim that customers can, through the contributions their business makes to VEBA plans administered or operated by the defendants, fund for their employees (and more often than that not themselves) a valuable insurance-oriented welfare benefit while claiming all of the VEBA contributions as a federal income tax deduction. At the same time , those plan contributions are intended to provide participating customers with a valuable deferred compensation-like benefit that allows them to recoup the full value of their initial contributions. In fact, this scheme- through which the Defendants' customers enjoy a substantial tax deduction for their plan contributions, while also permitting them to retain the full value of the contribution later- violates the Internal Revenue Code and applicable Treasury regulations, and the Defendants' promotion of it constitutes enjoin-able penalty conduct.
419, 412i, captive insurance and section 79 problems Lance Wallach
Sometimes the IRS might disagree with planning you did with other advisors and you need to find help to ensure that your rights are protected, the facts are interpreted accurately and the law applied correctly. Lance Wallach is among the few in this country who fully understand the mechanics and legal issues surrounding what has become known as “419 Plans,” 412i plans, captive insurance and section 79 programs. He wrote the book, that others read for CPE on these subjects. For that reason taxpayers throughout the country seek his services in dealing with the Internal Revenue Service in audits, appeals and in the Tax Court with his associates. As an expert witness Lance Wallach's side has never lost a case. Sometimes it is easy to get your money back with a letter.
Expert Witness
Frankly, not everybody does it right. Whether through ignorance or ill-intent, some folks sell insurance based programs with tax benefits, such as 419 Plans and 412(i) Plans, or promote premium financing or STOLI programs to unsuspecting consumers leaving the consumer to be attacked, either by the IRS or by a turn in the economy, when all goes wrong. But the opposite is also true. Some 419 Plans and 412(i) Plan are very well designed and flawlessly implemented but the IRS just shoots first and aims second. Some legitimate premium financing might miscue. Using Lances knowledge of life insurance and the many ways life insurance has been and can be used in tax and wealth planning, lawyers for both plaintiffs and defendants throughout the US seek Lances services as an expert witness in cases between consumers and those who sold them these programs that develop after the IRS, right or wrong, initiates an audit or the investment goes under water. In looking for an expert witness examine credentials: Use the man that wrote the book on this. Use the man’s team that has never lost a case. Why use an attorney or CPA who will learn on the job. Why use an atty. or CPA that learned from one of Lance Wallach's books or conventions. Want to win. Want to be made whole. Want this problem to go away. Google Lance Wallach and anyone else and you decide who is see who is the true expert.
Give us a call and see how we can protect your present and plan for your future.
Lance Wallach, National Society of Accountants Speaker of the Year and member of the AICPA faculty of teaching professionals, is a frequent speaker on retirement plans, abusive tax shelters, financial, international tax, and estate planning. He writes about 412(i), 419, Section79, FBAR, and captive insurance plans. He speaks at more than ten conventions annually, writes for over fifty publications, is quoted regularly in the press and has been featured on television and radio financial talk shows including NBC, National Public Radio’s All Things Considered, and others. Lance has written numerous books including Protecting Clients from Fraud, Incompetence and Scams published by John Wiley and Sons, Bisk Edu
Lawyer 4 Audits .com "Tipping the scales of justice in your favor." Defending and protecting businesses and financial professionals from IRS audits, Insurance companies and Brokerage firms. Our Lawyers, CPAs & the Nation's Leading Financial experts will help you deal with IRS audits & all problems related to 419, 412i, section 79, captive insurance & other abusive insurance plans.
We will work to recover your losses from the stock market & abusive insurance based plans from the insurance companies, brokerage firms & banks. The following are a small sample of the professional books our Legal & Tax Audit Experts have authored:
New & best selling American Institute of Certified Public Accountants books & courses:
Avoiding Circular 230 Malpractice Traps and Common Abusive Small Business Hot Spots
412i-419 Plans: KENNETH ELLIOT: Sea Nine VEBA Important
ReplyDelete419plans.blogspot.com/2014/03/kenneth-elliot-sea-nine-v...
Mar 12, 2014 ... sea nine veba 419 help beta plan 419 IRS audits lawsuits. RS to Audit Sea Nine VEBA Participating Employers: Abusive Tax Shelters & 419 ...
412i-419 Plans: RAMESH SARVA: SARVA
419plans.blogspot.com/2014/03/ramesh-sarva-sarva.html
Mar 4, 2014 ... sea nine veba 419 help beta plan 419 IRS audits lawsuits. RS to Audit Sea Nine VEBA Participating Employers: Abusive Tax Shelters & 419
SEA NINE VEBA
ReplyDeleteTuesday, January 7, 2014
Defendants Organize, Operate and/or promote a scheme- VEBA PLANS
Defendants organize, operate, and or promote a scheme in which they sell to customers owning smalloften closely-held companies participation in Voluntary Employee Beneficiary Associates (VEBA) plans. The defendants claim that customers can, through the contributions their business makes to VEBA plans administered or operated by the defendants, fund for their employees (and more often than that not themselves) a valuable insurance-oriented welfare benefit while claiming all of the VEBA contributions as a federal income tax deduction. At the same time , those plan contributions are intended to provide participating customers with a valuable deferred compensation-like benefit that allows them to recoup the full value of their initial contributions. In fact, this scheme- through which the Defendants' customers enjoy a substantial tax deduction for their plan contributions, while also permitting them to retain the full value of the contribution later- violates the Internal Revenue Code and applicable Treasury regulations, and the Defendants' promotion of it constitutes enjoin-able penalty conduct.
419, 412i, captive insurance and section 79 problems
ReplyDeleteLance Wallach
Sometimes the IRS might disagree with planning you did with other advisors and you need to find help to ensure that your rights are protected, the facts are interpreted accurately and the law applied correctly. Lance Wallach is among the few in this country who fully understand the mechanics and legal issues surrounding what has become known as “419 Plans,” 412i plans, captive insurance and section 79 programs. He wrote the book, that others read for CPE on these subjects. For that reason taxpayers throughout the country seek his services in dealing with the Internal Revenue Service in audits, appeals and in the Tax Court with his associates. As an expert witness Lance Wallach's side has never lost a case. Sometimes it is easy to get your money back with a letter.
Expert Witness
Frankly, not everybody does it right. Whether through ignorance or ill-intent, some folks sell insurance based programs with tax benefits, such as 419 Plans and 412(i) Plans, or promote premium financing or STOLI programs to unsuspecting consumers leaving the consumer to be attacked, either by the IRS or by a turn in the economy, when all goes wrong. But the opposite is also true. Some 419 Plans and 412(i) Plan are very well designed and flawlessly implemented but the IRS just shoots first and aims second. Some legitimate premium financing might miscue. Using Lances knowledge of life insurance and the many ways life insurance has been and can be used in tax and wealth planning, lawyers for both plaintiffs and defendants throughout the US seek Lances services as an expert witness in cases between consumers and those who sold them these programs that develop after the IRS, right or wrong, initiates an audit or the investment goes under water. In looking for an expert witness examine credentials: Use the man that wrote the book on this. Use the man’s team that has never lost a case. Why use an attorney or CPA who will learn on the job. Why use an atty. or CPA that learned from one of Lance Wallach's books or conventions. Want to win. Want to be made whole. Want this problem to go away. Google Lance Wallach and anyone else and you decide who is see who is the true expert.
Give us a call and see how we can protect your present and plan for your future.
Lance Wallach, National Society of Accountants Speaker of the Year and member of the AICPA faculty of teaching professionals, is a frequent speaker on retirement plans, abusive tax shelters, financial, international tax, and estate planning. He writes about 412(i), 419, Section79, FBAR, and captive insurance plans. He speaks at more than ten conventions annually, writes for over fifty publications, is quoted regularly in the press and has been featured on television and radio financial talk shows including NBC, National Public Radio’s All Things Considered, and others. Lance has written numerous books including Protecting Clients from Fraud, Incompetence and Scams published by John Wiley and Sons, Bisk Edu
Lawyer 4 Audits .com
ReplyDelete"Tipping the scales of justice in
your favor."
Defending and protecting businesses and financial professionals from IRS audits,
Insurance companies and Brokerage firms.
Our Lawyers, CPAs & the Nation's Leading
Financial experts will help you deal with IRS
audits & all problems related to 419, 412i,
section 79, captive insurance & other abusive
insurance plans.
We will work to recover your losses from the stock
market & abusive insurance based plans from the
insurance companies, brokerage firms
& banks.
The following are a small sample of the professional
books our Legal & Tax Audit Experts have authored:
New & best selling American Institute of Certified Public Accountants
books & courses:
Avoiding Circular 230 Malpractice Traps and Common Abusive Small
Business Hot Spots