Be Fined by the IRS Under Section 6707A Business Owners in 419, 412i, Section...
NCCPAP November Newsletter by Lance WallachTaxpayers who previously adopted 419, 412i, captive insurance or Section 79 plans are in...
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 ArticleUS health insurance trusts
By Lance WallachAs their finances deteriorated, Detroit’s automakers earned the moniker “HMOs on wheels” for crippling employee healthcare liabilities (Health Maintenance Organizations are a type of...
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 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 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 ArticleProtecting Clients from Fraud, Incompetence and Scams
Lance Wallach Nov 12Parts of this article are from the book published by John Wiley and Sons, Protecting Clients from Fraud, Incompetence and Scams, authored by Lance Wallach.Every financial expert...
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...
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Regulatory framework
2. Entity Classification for Federal Tax PurposesA. Regulatory frameworkSections 301.7701-1 through 301.7701-4 of the Procedure and Administration Regulations provide the framework for determining an...
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 ArticleIRS Hiring Agents in Abusive Transactions Group
FAST PITCH NETWORKING Posted: Dec. 10 By Lance WallachHere 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...
View ArticleAccountants Business Owners and Others Face Large IRS Fines
June 17, 2011 By Lance Wallach, CLU, CHFCSince the late nineties, unsuspecting business owners and professionals have purchased retirement plans and other plans from insurance professionals. The...
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On Lawline regarding Abusive Retirement Plans 412i
Lance Wallach featured on Lawline speaking about Abusive Retirement Plans 412i, IRS 6706A Fines and Abusive Insurance product. Here is the story about Bruce Hink purchasing a definet Benefit Retirement...
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 ArticleBacklash on too-good-to-be-true insurance plan
No Shelter Here September 2011 By: Lance WallachDuring the past few years, the Internal Revenue Service (IRS) has fined many...
View ArticleLIFE INSURANCE FUNDAMENTALS IN APPLICATION
CPA’s Guide to Life InsuranceLance Wallach1.2.0 Why Get Life Insurance? 1.2.1 Risk Management Simply put, insurance is risk management—preparing for either the eventual or the unfortunate. Risk...
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