Veba, irs audit, Lance Wallach

Veba, irs audit, Lance Wallach: Lance Wallach is the nation's leading expert on VEBAs, 412(i), 419 and captive insurance plans.


  1. The IRS is Looking for You...
    Did You Participate in a Sea Nine VEBA plan? Contact Lance Wallach

    Ramesh Sarva Veba: (3) Lance Wallach - Section 79, captive insurance, 412i, 419,...
    Ramesh Sarva Veba: (3) Lance Wallach - Section 79, captive insurance, 412i, 419,...
    Posted by Lance Wallach at 11/04/2015 07:16:00 AM
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    Labels: benistar, IRS audits, IRS problems, Lance Wallach Expert Witness

    Lance WallachJanuary 21, 2016 at 12:34 PM
    « Tax Roundup, 4/22/14: $418,000 per-job edition! And: AGI and farm subsidies.HSA Contribution Max for 2015 $3,350 single, $6,650 family. »
    Tax Roundup, 4/23/14: The Tax Fairy isn’t named “VEBA.” And: frivolous IRS notices!
    April 23rd, 2014 by Joe Kristan
    tax fairyThe Tax Fairy, that fickle goddess of painless massive tax reduction, is often sought in the misty fens of the welfare benefit sections of the tax law. A U.S. District Court in California has deprived the Tax Fairy’s believers of one guide for their hunt.

    CPA Ramesh Sarva and Kenneth Elliot led Tax Fairy seekers to Section 419, which provides for VEBAs — “Voluntary Employee Beneficiary Association” plans. Properly operated, VEBAs enable employers to make deductible contributions to a plan that buys insurance for employees.

    A company associated with Mr. Sarva and Mr. Elliot, Sea Nine, told employers that they could use VEBAs to get around the tax law rules against deducting


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    CJA & associates 419 412i section 79 scam audits lawsuits
    CJA & Associates Company​
    ​​California Enrolled Agent
    January 2, 2009
    Abusive 412(i) Retirement Plans Can Get Accountants Fined $200,000

    By: Lance Wallach & Ira Kaplan

    Most insurance agents sell 412(i) retirement plans!. The large insurance commissions generate some of the enthusiasm'. Unlike other retirement plans, the 412(i) plan must have insurance products as the funding mechanism". This seems to generate enthusiasm among insurance agents;. The IRS has been auditing almost all participants in 412(i) plans for the last few years,. At first, they thought all 412(i) plans were abusive. Many participants' contributions were disallowed and there were additional fines of $200,000 per year for the participants. The accountants who signed the tax returns (who the IRS called "material advisors") were also fined $200,000 with a referral to the Office of Professional Responsibility.
    For more articles and details, see and
    On Friday February 13, the IRS issued proposed regulations concerning the valuation of insurance contracts in the context of qualified retirement plans.

    To read more click here.