412i, 419e plans litigation and IRS Audit Experts for abusive insurance reportable or listed transactions by the IRS,Section 79, Section 79 Lawsuits,412i
412i, 419e plans litigation and IRS Audit Experts for abusive insurance reportable or listed transactions by the IRS,Section 79, Section 79 Lawsuits,412i
Raymond Ankner -Expected to be the biggest life insurance failure in Illinois
ReplyDeleteRaymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA & CJA and Associates’ plans, 412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.Benistar,412i Lawsuits,419 lawsuits,412i Help,419 Help, IRS Audits,412i Problems,412i problems, Expert Witness Lance Wallach,412i Help,419 Help, Benistar Lawsuits, 412i lawsuits,419 lawsuits,
Friday, April 4, 2014
Captive Insurance & 419 Plans Litigation: September 2013
Captive Insurance & 419 Plans Litigation: September 2013
Posted by Lance Wallach at 11:02 AM
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Lance WallachApril 8, 2014 at 8:21 AM
2 CJA And Associates Complaints and reviews from real people you ...
www.pissedconsumer.com/reviews-by-company/cja-and-associates.html
CJA And Associates is an Experienced National Employee Benefits Company. CJA specializes in the design and marketing of innovative insurance products ...
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CJA and associates 419 412i section 79 scam audits lawsuits
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Nov 27, 2012 - CJA and associates 419 412i section 79 scam audits lawsuits .... Defendant: CJA and Associates, Inc., Kent W. Hagan, Maurine Hagan, Hagan ...
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Lance WallachMay 5, 2014 at 11:26 AM
412i 419E IRS Audits and Problems
412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.
Monday, February 17, 2014
412i, 419, Lawsuits, IRS Audits. Lance Wallach, expert witness.
419, 412i, plans are being audited by the IRS. Lawsuits are the result. Small businesses facing audits and potentially huge tax penalties over certain types of retirement plans are filing lawsuits against those who marketed, designed and sold the plans.
The 412(i) and 419(e) plans were marketed in the past several years as a way for small business owners to set up retirement or welfare benefits plans while leveraging huge tax savings, but the IRS put them on a list of abusive tax shelters and has more recently focused audits on them. The penalties for such transactions are extremely high and can pile up quickly - $100,000 per individual and $200,000 per entity per tax year for each failure to disclose the transaction - often exceeding the disallowed taxes.
There are business owners who owe $6,000 in taxes but have been assessed $1.2 million in penalties. The existing cases involve many types of businesses, including doctors' offices, dental practices, grocery store owners, mortgage companies and restaurant owners. Some are trying to negotiate with the IRS. Others are not waiting. A class action has been filed and cases in several states are ongoing. The business owners claim that they were targeted by insurance companies; and their agents to