Sea Nine VEBA IRS audits Nova Niche Robin Weingast

New York, New York 2 comments
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IRS audits 419 welfare benefit plans and then people sue the insurance agents and insurance companies that sold the plans.As an expert witness Lance Wallachs side has never lost a case.

He speaks at conventions and writes books with details about these 419 412i captive insurance and section 79 plans. Google Lance Wallach for more articles or try or or search the internet before it is too late for you.

IRS action must be taken at once to prevent large IRS fines.Lance Wallach is an expert on these plans and can probably help :YOU


Plainview, New York, United States #626464

Robin called me and said she was a pension expert and had a lot of clients. I know she works very hard



Participate in a 419 or 412i Plan or Other Abusive Tax Shelter You Could Be Fined $200000 Per Year


September 15, 2011 By Lance Wallach, CLU, CHFC


Did you get a letter from the IRS threatening to impose this fine?

If you haven’t already, you still may. Consider yourself lucky if you have not because this means that you have more time to straighten this situation out. Do not wait for this letter to come from the IRS before you call an expert to help you. Even if you have been audited already, you could still get the letter and/or fine. One has nothing to do with the other, and once the fine has been imposed, it is not able to be appealed.

Many businesses that participated in a 412i retirement plan or the IRS is auditing a 419-welfare benefit plan. Many of these plans were not in compliance with the law and are considered abusive tax shelters. Many business owners are not even aware that the welfare benefit plan or retirement plan that they are participating in may be an abusive tax shelter and that they are in serious jeopardy of huge IRS penalties for each year that they have been in this type of plan.

Insurance companies, CPAs, sellers of these 419 welfare benefit plans or 412i retirement plans, as well as anyone that gave tax advice or recommended participation in one or more of these plans, also known as a material advisor, is in danger of being sued, fined by the IRS, or both.

There is help available if you think you may be involved with one of these 419 welfare benefit plans, 412i retirement plans, or any abusive tax shelter. IRS penalty abatement is an option if you act now.


Lance Wallach, National Society of Accountants Speaker of the Year and member of the AICPA faculty of teaching professionals, is a frequent speaker on retirement plans, abusive tax shelters, financial, international tax, and estate planning. He does expert witness testimony and has never lost a case.

The information provided herein is not intended as legal, accounting, financial or any type of advice for any specific individual or other entity. You should contact an appropriate professional for any such advice.

Copyright Lance Wallach, CLU, CHFC

More information about Lance Wallach, CLU, CHFC

Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.

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