Lance Wallach

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IRS Audits 419, 412i, Captive Insurance Plans With Life Insurance, and Section 79 Scams

07th July 2011
June 2011 By Lance Wallach 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 a... Read >

How to Get Fined $100,000 by the IRS and Lose Your License - Accountants, Insurance Agents

24th September 2010
By Lance Wallach, CLU, ChFC and Ira Kaplan, Esq., CPA, MBA Over the past decade, business owners have been overwhelmed by a plethora of arrangements designed to reduce the cost of providing employee benefits and taxes, while simultaneously increasin... Read >

Retirement plans come under new IRS scrutiny

10th September 2009
Long Island Business News, June 15, 2007 Retirement plans come under new IRS scrutiny Lance Wallach Businesses should be aware that the Internal Revenue Service is increasing its examinations of companies' retirement plans, hoping to ... Read >

Captive Insurance and Other Tax Reduction Strategies – The Good, Bad, and Ugly

08th September 2009
NSA: Member Link Your link to accounting, tax and practice management ideas, tools, news and information. Captive Insurance and Other Tax Reduction Strategies - The Good, Bad, and Ugly By Lance Wallach May 14, 2008 Every accountant knows... Read >

The Advisor’s Guide to Premium Financing

08th September 2009
The Advisor's Guide to Premium Financing California Broker Magazine Oct. 2008 by Lance Wallach, CLU, CHFC Premium financing allows your clients to purchase life insurance without liquidating their investments or changing their cash flow. Clients... Read >

How to Find the Right Experts to Guide You Through These Times

08th September 2009
How to Find the Right Experts to Guide You Through These Times Commercial Flooring Report November 2008 By Lance Wallach How much money have you lost in the market today? Is your insurance company still in business? Will it be in business tomor... Read >

Captive Insurance

05th February 2008
Accounting Today CAPTIVE INSURANCE 2007 Achieve large tax and cost reductions by renting a "CAPTIVE" Most accountants and small business owners are unfamiliar with a great way to reduce taxes and expenses. By either creating or shari... Read >