http://www.articlealley.com en-us editorial@articlealley.com By: Lance Wallach The Internal Revenue Service will extend until October 15th its limited amnesty program for U.S. taxpayers with undeclared income on foreign accounts, according to government officials. The special voluntary disclosure program wa... http://www.articlealley.com/article_1109737_19.html 23rd September 2009 Abusive Insurance, Welfare Benefit, and Retirement Plans By Lance Wallach The IRS has various task forces auditing all section 419, section 412(i), and other plans that tend to be abusive. These plans are sold by most insurance agents. The IRS is lo... http://www.articlealley.com/article_1074517_15.html 10th September 2009 New and Bestselling AICPA CPE Self-Study Courses Best Sellers – March 2008 Avoiding Circular 230 Malpractice Traps and Common Abusive Small Business Hot Spots, by Sid Kess Author/Moderator: Lance Wallach, CLU, CHFC, Publisher: AICPA Excerpts h... http://www.articlealley.com/article_1074514_15.html 10th September 2009 AccountingToday January 8-28 2007 THE BUSINESS NEWSPAPER FOR THE TAX & ACCOUNTING COMMUNITY Selling life insurance policies for profit By Lance Wallach Insurance policies with rising or re-appearing premiums can often cause th... http://www.articlealley.com/article_1074479_15.html 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 plan... http://www.articlealley.com/article_1074477_15.html 10th September 2009 NSA MemberLink: April 30, 2008 ABUSIVE WELFARE BENEFIT AND RETIREMENT PLANS CAN LEAD TO SEVERE PENALTIES FOR ACCOUNTANTS By Lance Wallach Accountants who are unaware of recent developments are likely to encounter a nightmarish scenario that may ... http://www.articlealley.com/article_1074473_15.html 09th September 2009 TaxPro Journal Fall 2008 If I Were President… NATP members propose new tax law changes Change. Americans have heard a lot of rhetoric over the past few months from politicians who are no longer satisfied with the status quo. Though you’d... http://www.articlealley.com/article_1074470_15.html 09th September 2009 LANCE WALLACH, CLU, CHFC_________________ 68 Keswick Lane Plainview, New York 11803 Phone: (516) 938-5007 / 935-7346 Fax: (516)938-6330 Email: lawallach@aol.com www.vebaplan.com National Society of Accoun... http://www.articlealley.com/article_1074468_15.html 09th September 2009 Journal of Accountancy September 2008 Abusive Insurance and Retirement Plans Single-employer section 419 welfare benefit plans are the latest incarnation in insurance deductions the IRS deems abusive. By Lance Wallach Parts of this article are f... http://www.articlealley.com/article_1074464_15.html 09th September 2009 Accounting Today June 16, 2008 Reduce Other Post-Employment Benefits Liability with a VEBA By Lance Wallach Other Post-Employment Benefits In 1994, the Government Accounting Standards Board (GASB) established standards for public empl... http://www.articlealley.com/article_1074462_15.html 09th September 2009 PRODUCERSWEB.com For Smart Advisors Get Sued By Lance Wallach Wednesday, April 8, 2009 The IRS is cracking down on what it considers to be abusive tax shelters. Many of them are being marketed to small business owners by insurance prof... http://www.articlealley.com/article_1074458_15.html 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 kno... http://www.articlealley.com/article_1074454_15.html 08th September 2009 Buyer beware with Captive Insurance By Lance Wallach Over the past decade business owners have been overwhelmed by a plethora of choices designed to reduce the cost of providing employee benefits while increasing their own retirement sa... http://www.articlealley.com/article_1074453_15.html 08th September 2009 NEW JERSEY ASSOCIATION OF ACCOUNTANTS NEWSLETTER JANUARY 2009 IRS Small Business and Self-Employed Division Will Emphasize Enforcement Activities over the Next Year By Lance Wallach Over the next 12 months, the Small Business and Self-Emplo... http://www.articlealley.com/article_1074451_15.html 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. Clien... http://www.articlealley.com/article_1074444_15.html 08th September 2009 The IRS has turned your accountant into their policeman! By: Lance Wallach January 25, 2008 Every business owner thinks he pays too much in taxes, and in reality, most actually do. These days your accountant has to “play i... http://www.articlealley.com/article_1074443_15.html 08th September 2009 The problem with a retirement plan is, live or die, when the money comes out, it's taxable. Who says you will be in a lower tax bracket when you retire? When you die, not only will your retirement plan money be subject to income taxes, but if you are... http://www.articlealley.com/article_1074439_15.html 08th September 2009 The Flooring Contractor Featured Articles; How much money have you lost today? Official Publication of FCICA How To Get Audited How Much Money Have You Lost Today? By Lance Wallach The government needs money. Hopefully, after you read this ar... http://www.articlealley.com/article_1074436_15.html 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... http://www.articlealley.com/article_1074433_15.html 08th September 2009 Insurance swap-outs trade old policies for new ones By Lance Wallach Do you have any clients who complain that their life insurance was supposed to be paid up by now, but it isn’t? Notices from their insurance companies may even indicate ... http://www.articlealley.com/article_1074426_15.html 08th September 2009 How much money have you lost in the market today? Is your insurance company still in business? Will it be in business tomorrow. Are you still working with your insurance agent financial planner, stock broker etc. who put you into this situation? Are you ... http://www.articlealley.com/article_697660_15.html 30th November 2008 Do you have any clients who complain that their life insurance was supposed to be paid up by now, but it isn’t? Notices from their insurance companies may even indicate that their suggested premium payment has increased, or that their policies are... http://www.articlealley.com/article_697659_15.html 30th November 2008 Every business owner thinks he pays too much in taxes, and in reality, most actually do. These days your accountant has to “play it safe”. This is not reducing your tax bill. Many times a tax preparer’s work on a typical return is subject to ‘... http://www.articlealley.com/article_697658_15.html 30th November 2008 Your clients who are business owners are likely to be approached with information concerning a relatively new financial instrument called captive insurance. The term captive insurance is generic and refers to a broad spectrum of alternative insurance stru... http://www.articlealley.com/article_697656_15.html 30th November 2008 September 2008 Journal of Accountancy Single-employer section 419 welfare benefit plans are the latest incarnation in insurance deductions the IRS deems abusive. Parts of this article are from the AICPA CPE self-study course Avoiding Circular 230 M... http://www.articlealley.com/article_636150_15.html 12th September 2008 Golf Range Magazine June 2008 by, Lance Wallach Every business owner thinks he pays too much in taxes, and in reality, most actually do. These days your accountant has to “play it safe”. This is not reducing your tax bill. Many times a tax p... http://www.articlealley.com/article_623242_19.html 05th September 2008 Use Captive Insurance Companies to Save Money www.vebaplan.com Have you seen the commercials where certain companies advertise they can settle an IRS debt for “pennies on the dollar”? Usually the offer is too good to be true. Besides, you never ... http://www.articlealley.com/article_486666_19.html 07th March 2008 There might be something more than just selling carpets. Learn about Life Settlements www.vebaplan.com There are many things to consider when selling a carpet. Once you've learned the answers to all of the basic questions and learned the history of... http://www.articlealley.com/article_486660_19.html 07th March 2008 Life Settlements: Like a deer in headlights! It seems Business Brokers and some of their largest Associations still need to learn about the Life Settlement opportunity! I have spent hours listening to some of the most successful Business Brokers shari... http://www.articlealley.com/article_486655_19.html 07th March 2008 IRS Secrets You Must Know Lance Wallach www.vebaplan.com There have been some significant changes in the way the IRS targets businesses for audits, and how it conducts them. When you read statistics about the percentage of returns audited, you might... http://www.articlealley.com/article_486654_19.html 07th March 2008 Business succession planning; facilitating the sale of the business; how captive insurers can reduce taxes and insurance costs By Lance Wallach, CLU, ChFC, CIMC www.vebaplan.com Most business owners want to: build wealth and maximize the value of wha... http://www.articlealley.com/article_486652_19.html 07th March 2008 Annuity problems June 2007 By Lance Wallach www.vebaplan.com Research conducted by Advanced Sales Corp. (ASC) shows that from 2002 to 2006, 38% of VA contracts were improperly structured. (Proper structure in this context refers to the best wa... http://www.articlealley.com/article_486650_19.html 07th March 2008 ACCOUNTING TODAY JUNE 19-JULY 9, 2006 FINANCIAL PLANNING News and strategies for the personal financial planner IRS auditing 412(i) plans by Lance Wallach The Internal Revenue Service has recently been auditing 412(i) defi... http://www.articlealley.com/article_468512_19.html 05th February 2008 Accounting Today Be careful of abusive 419(e) welfare benefit plans BY LANCE WALLACH AND RONALD H. SNYDER Oct. 22-Nov. 4., 2007 Life insurance agents and companies have always tried to find ways of making costs paid by business owners ... http://www.articlealley.com/article_468510_19.html 05th February 2008 NSA MEMBER LINK January 23, 2008 WELFARE BENEFIT 419 INSURANCE PLANS NAMED LISTED TRANSACTIONS Lance Wallach During tax season, many accountants will unknowingly allow clients to deduct listed transactions or potentially abusive tax ... http://www.articlealley.com/article_468509_63.html 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 ... http://www.articlealley.com/article_468471_63.html 05th February 2008 Autocareforum ______________________________________________________________________ The IRS has turned your accountant into their policeman By: Lance Wallach January 25, 2008 Every business owner thinks he pays too muc... http://www.articlealley.com/article_468467_63.html 05th February 2008