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Courthouse News Service
Wednesday, June 24, 2009$300 Million ERISA Scam Alleged By JEREMY CHOATE MARSHALL, Texas (CN) - A civil RICO complaint claims the Millennium Marketing Group defrauded more than 500 people...
View ArticleUsing Captive Insurance Companies for Savings
Accounting TodayFebruary 10thFinancial Planning Small companies have been copying a method to control insurance costs and reduce taxes that used to be the domain of large businesses: setting...
View ArticleLIFE INSURANCE FUNDAMENTALS IN APPLICATION
CPA’s Guide to Life InsuranceLIFE INSURANCE FUNDAMENTALS IN APPLICATIONLance Wallach1.2.0 Why Get Life Insurance? 1.2.1 Risk Management Simply put, insurance is risk management—preparing for either the...
View ArticleCaptive Insurance and Other Tax Reduction Strategies – The Good, Bad, and Ugly
By Lance Wallach May 14thEvery accountant knows that increased cash flow and cost savings are critical for businesses. What is...
View ArticleAbusive 412(i) Retirement Plans Can Get Accountants Fined $200,000
California Enrolled AgentJanuary 2By Lance Wallach & Ira KaplanMost insurance agents sell 412(i) retirement plans. The large insurance commissions generate some of the enthusiasm. Unlike other...
View ArticleIRS Audits 419, 412i, Captive Insurance Plans With Life Insurance and Section...
Published on hgexperts.com By: Lance WallachThe IRS started auditing 419 plans in the ‘90s, and then continued going after 412i and other plans that they considered abusive, listed, or...
View ArticleA warning for 419, 412i, Sec.79 and captive insurance
WebCPAThe dangers of being "listed"Accounting Today: October 25, 2010By: Lance WallachTaxpayers who previously adopted 419, 412i, captive insurance or Section 79 plans are in big trouble. In recent...
View ArticleLiving the perfect tax-savings fantasy
BLACKMAN ON TAXESBY IRVING BLACKMANTax accountantA common sport at our office is a bull session with the specific goal of creating new ways to beat up the IRS – but always legally. The conversation...
View ArticleYou get what you pay for, how much do people pay for business appraisals?
You get what you pay for, how much do people pay for business appraisals?Would you go to a dentist for heart surgery? They are both doctors?Like any other professional service, such as legal services,...
View Article419, 412i, Captive and Section 79 Plans Continue To Draw Lots of IRS Attention
By Lance Wallach Recent court cases have highlighted serious problems in welfare benefit plans issued by Nova Benefit Plans. Recently unsealed IRS criminal case information now raises concerns with...
View ArticleSmall Business Retirement Plans Fuel Litigation
Lance WallachDolan Media NewswiresSmall Business Retirement Plans Fuel Litigation Small businesses facing audits and potentially huge tax penalties over certain types of retirement plans are filing...
View Article412i Tax Shelter Fraud Litigation - How It Works
Lance Wallach PARTIES: Typically, these transactions will include an Insurance company, accountant, tax attorney, and a promoter (someone with an insurance background, perhaps an actuary, who knows how...
View ArticleCaptive Insurance and Other Tax Reduction Strategies – The Good, Bad, and Ugly
By Lance Wallach May 14thEvery accountant knows that increased cash flow and cost savings are critical for businesses. What is...
View ArticleBusiness Owners, Accountants, and Others Fined $200,000 by IRS and Don’t Know...
NEW JERSEY ASSOCIATION OF PUBLIC ACCOUNTANTSLance WallachIf you are a small business owner, accountant or insurance professional you may be in big trouble.To Read...
View ArticleEmployee Retirement Article
Lance WallachThe IRS has been attacking All 419 welfare benefit plan. To Read More:http://www.section79plan.org/files/EmployeeRetirementArticlePDF.pdf
View ArticleAchieve large tax and cost reductions by renting a “CAPTIVE”
Accounting TodayCAPTIVE INSURANCE Most accountants and small business owners are unfamiliar with a...
View Article6707A Penalties & 419 Plans Litigation: Audit Lottery, Captive insurance,...
6707A Penalties & 419 Plans Litigation: Audit Lottery, Captive insurance, 419, 412i, Secti...: The audit lottery is a gambit in which taxpayers claim tax benefits to which they are not entitled in...
View ArticleJohn Hancock, Edwards Wildman to face tax shelter class action
9/19/2012COMMENTS (0)By Nate Raymond Sept 19 (Reuters) - John Hancock Life Insurance Co and its law firm, Edwards Wildman Palmer, must face a class action accusing them of violating racketeering laws...
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Notice: IRS Hiring Agents in Abusive Transactions Group
Lance Wallach Council Member President, VEBA PlanPremiseBy Lance Wallach Some people refused to believe that their participation in a 419e, 412i, or listed transaction would cause them problems. Now...
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