Author's articles

Help With Common IRS Problems
By Lance Wallach · 12 years ago
Published in Coatings Pro Magazine It is tax time. There are many problems you can run into with the IRS. This article is a generalized overview of some of these confusing issues: • IRS Penalties ...
IRS Hiring Agents in Abusive Transactions Group
By Lance Wallach · 12 years ago
FAST PITCH NETWORKING By Lance Wallach Here 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 ...
Business Owners, Accountants and Others Face Hundreds of Thousands in IRS Fines That They Are Not Aware Of
By Lance Wallach · 12 years ago
Currently, the Internal Revenue Service ("IRS") has the discretion to assess hundreds of thousands of dollars in penalties under §6707A of the Internal Revenue Code ("Code") in an attempt to curb tax avoidance shelters. This ...
Small Business Retirement Plans Fuel Litigation
By Lance Wallach · 12 years ago
Dolan Media Newswires 01/11/2012 Small Business Retirement Plans Fuel Litigation Small businesses facing audits and potentially huge tax penalties over certain types of retirement plans are filing lawsuits against those who marketed, designed and sold ...
IRS Attacks Business Owners in 419, 412, Section 79 and Captive Insurance Plans Under Section 6707A
By Lance Wallach · 13 years ago
Taxpayers who previously adopted 419, 412i, captive insurance or Section 79 plans are in big trouble. In recent years, the IRS has identified many of these arrangements as abusive devices to funnel tax deductible dollars ...
Insurance swap-outs trade old policies for new ones
By Lance Wallach · 14 years ago
ACCOUNTING TODAY: Oct. 16. - Nov. 5 FINANCIAL PLANNING News and strategies for the personal financial planner Insurance swap-outs trade old policies for new ones By Lance Wallach Do you have any clients who complain ...