Author's articles
Section 79, Captive Insurance, 419, 412i Plans, Don’t go to arbitration Sue
By Lance Wallach · 12 years ago
Section 79, Captive Insurance, 419, 412i Plans, Don’t go to arbitration Sue
Thomas, Francis, Edward, and Dolores Ehlen1("the Ehlens") are employees of Ehlen Floor Covering, Inc. ("Ehlen Floor"). In 2002, Ehlen Floor created a 412(I) ...
Some 419 Insurance Welfare Benefit Plans Continue To Get Accountants Into Trouble
By Lance Wallach · 12 years ago
Some 419 Insurance Welfare Benefit Plans Continue To Get Accountants Into Trouble
Lance Wallach | Aug 2, 2010
Popular so-called "419 Insurance Welfare Benefit Plans", sold by most insurance professionals, are getting accountants and their ...
IRS Audits 419, 412i, Captive Insurance Plans With Life Insurance, and Section 79 Scams
By Lance Wallach · 13 years ago
The IRS started auditing 419 plans in the ‘90s, and then continued going after 412i and other plans that they considered abusive, listed, or reportable transactions. Listed designated as listed in published IRS material available ...
Don’t Get Stuck With a Foreign Bank Account
By Lance Wallach · 13 years ago
Have A Foreign Bank Account? FBAR Deadline is here. Filing deadline for the IRS’s offshore tax amnesty (called the Offshore Voluntary Disclosure Initiative). IF you don't comply you will get caught.
For those with current ...
Guaranteed Ways to Get New Clients And Become Very Successful
By Lance Wallach · 13 years ago
You have probably heard the expression "it's not what you know, it's who you know", if you are a financial advisor or agent trying to make your way in the industry, that may not hold ...
Get Sued
By Lance Wallach · 13 years ago
June 2011
The IRS is cracking down on what it considers to be abusive tax shelters. Many of them are being marketed to small business owners by insurance professionals, financial planners and even accountants and ...
IRS Audits 419, 412i, Captive Insurance Plans With Life Insurance, and Section 79 Scams
By Lance Wallach · 13 years ago
June 2011
The IRS started auditing 419 plans in the ‘90s, and then continued going after 412i and other plans that they considered abusive, listed, or reportable transactions, or substantially similar to such transactions.
In ...