Abusive Tax Shelters Abusive Tax Shelters Abusive Tax Shelter, Listed Transaction, Reportable Transaction Expert Witness Lance Wallach, CLU, CHFC 68 Keswick Lane Plainview, New York 11803 Contact Information Email : Lanwalla@aol.com Phone : 516-938-5007 Address : Lance Wallach and Ira Kaplan, ESQ
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Lance WallachAugust 20, 2014 at 7:09 AM 419 Plan Promoter Sued
Thank you for your interest in learning more about the 419 plan promoter that was recently sued by the U.S. District Attorney in the Northern District of Illinois.
As I indicated in my newsletter, this is a good reminder for everyone that if it sounds too good to be true, that may really be the case.
And even if a tax structure is legitimate, if promoters over promote and flaunt it in the face of the IRS, typically the IRS issues negative press, or in this case negative Revenue Rulings, to throw cold water on it (and also in this case 419 plans funded with life insurance were added to the listed tax transaction list).
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Lance WallachAugust 28, 2014 at 5:17 AM The IRS has again commenced assessing penalties under Code Section 6707A, the penalty provisio
Abusive Tax Shelters
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Abusive Tax Shelter, Listed Transaction, Reportable Transaction Expert Witness
Lance Wallach, CLU, CHFC
68 Keswick Lane
Plainview, New York 11803
Contact Information
Email :
Lanwalla@aol.com
Phone :
516-938-5007
Address :
Lance Wallach and Ira Kaplan, ESQ
Reply
Lance WallachAugust 20, 2014 at 7:09 AM
419 Plan Promoter Sued
Thank you for your interest in learning more about the 419 plan promoter that was recently sued by the U.S. District Attorney in the Northern District of Illinois.
As I indicated in my newsletter, this is a good reminder for everyone that if it sounds too good to be true, that may really be the case.
And even if a tax structure is legitimate, if promoters over promote and flaunt it in the face of the IRS, typically the IRS issues negative press, or in this case negative Revenue Rulings, to throw cold water on it (and also in this case 419 plans funded with life insurance were added to the listed tax transaction list).
Reply
Lance WallachAugust 28, 2014 at 5:17 AM
The IRS has again commenced assessing penalties under Code Section 6707A, the penalty provisio
Reply