| You Don't Have To Just Take OUR Word For It. Read What Our Clients Have To Say! |
The IRS says:
Reportable Transactions
Client Testimonials
Client Testimonials
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| Natural persons who fail to disclose a reportable transaction to the IRS are subject to a $10,000 penalty. Other nonreporting taxpayers are subject to a $50,000 penalty. The penalties are increased to $100,000 and $200,000, respectively, for natural persons and other taxpayers who fail to disclose a reportable transaction that is a listed transaction |
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| For more about: Reportable transactions Shelters 419e 412i Visit these websites: taxaudit419.com irsdog.com taxlibrary.us irs.gov listedtransactions |
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“Lance is an industry leader
His research and insights have proved right on the money!”
February 21, 2011
Debra Rothberg,
“Lance is extraordinarily intelligent. He has few peers, if any, in his area of expertise.
I unhesitatingly recommend Lance.”
June 3, 2009
Gary Lesser, Owner, GSL Galactic Consulting
“Excellent results, Google him”
May 27, 2009
Larry Wilconsin,
“Lance is a true expert on VEBA Plans. Five years ago, he took the call of a total stranger,
and in doing so, he spent an hour helping me solve my client's problem. During the past five
years Lance consistently proven to be a valuable resource for me and my practice. He is a
warm open person who is willing to invest in others success.”
November 23, 2008
Don Atherton, CEBS, CFP, CLU, Owner, Integrated Benefits Solutions, Inc.
“Lance is a wonderful resource not just in regards to VEBAs, 412's, abusive plans and IRS
codes, but also who and what he knows about certain broker-dealers. I called him about recent
changes to 412, and got on the subject of broker-dealers, and he lent so much of his time to
inform me about making the right choice. He is a really great, personable colleague to people
working in the financial services business.”
November 3, 2008
Robert Thomas, Resident Insurance Producer, Independent Consulting
“Lance has been recognized by many organizations for his expertise as a speaker
and writer on employee benefit plans and other tax topics. You can't go wrong hiring him as a
speaker or, if you want to learn how you can participate in one of Lance's frequent book
projects, he offers an easy way to get yourself published for the first time so you can get a
book in front of prospective clients and/or professional colleagues.”
June 11, 2008
David Drucker, Principal, Virtual Office News LLC
“I have relied on Lance's valuable expertise on several occasions in assisting my
clients with Veba's (419 plans). Lance is definitely the person to help properly structure 412i
and 419 plans and fix plans that were improperly set-up.”
June 4, 2008
Sherry Oskey-Hall, Owner, Wealth Creation Strategies
“Since first calling Lance, he has taught me more about all aspects of insurance, income
tax nuances, and relatively unknown welfare benefit plans than I had learned in the years spent
with other well-regarded experts who had been in the same field for over 30 years.
As a result, when Lance becomes a consultant to any company or individual they not only get
the benefit of his immense knowledge, but they receive the knowledge of experts in any area of
finance that will benefit the client. Lance will never say, "I don't know too much about that."
Instead he will say, "Let me put you in touch with an expert who is knows more about that than
anyone in the country." And he means it.
I have yet to hear of anyone that has been disappointed for calling upon Lance Wallach for
advice or assistance. He is truly at the top of his field.
Michael N. Kessler, M.D., M.A.
President, K & L Agency, LLC
February 24, 2008
Michael Kessler, Owner, K & L Agency, LLC
“Lance is perhaps the country's foremost expert at establishing various kinds of
employee benefit programs for companies and individuals and also highly knowledgeable
about the programs that do not meet the legal requirements of the Internal Revenue Service.
He is a well known author, has spoken at numerous meetings attended by financial services
practitioners and is the professional you want on your side when the IRS comes calling.”
February 5, 2008
Bill Goodwill,
“Lance is a pleasure to work with, very knowledgeable.”
February 4, 2008
Paul Rosen, President, Paul J Rosen Financial Services Inc.
“Lance is an expert in little known tax reduction techniques for profitable business
owners.”
February 4, 2008
Matthew Tuttle, Owner, Tuttle Wealth Mgmt, LLC
| Even Government Officials Learn From Our Experts: "Mr. Wallach, thanks so much for taking the time to talk to me today about VEBAs. Any information you can send me would be helpful. Hopefully, we can work together in the future as interest in VEBAs increase." Corman G. Franklin Office of the Assistant Secretary for Policy U.S. Department of Labor ______________ Email correspondence Date: Wed, Jan 12, 2011 Happy New Year Mr. Wallach and thanks for the article. Ron Ronald R. Itzkowitz National EP Customer Partnership Analyst Internal Revenue Service - Employee Plans |
Ford Motor benefits representative: Fri, 11 Jan 2008 Subject: VEBAs Dear Mr. Wallach, It as a pleasure speaking with you this afternoon. I appreciate the time you spent listening and the giving of your advice. Next week, we, a small splinter union (IAM) within a large Ford Motor facility, at Cleveland Casting Plant will be negotiating our contract. This site is mostly represented by the UAW who have already consummated their contract with Ford Motor Company, and has accepted the VEBA option for their retirees. Their VEBA will be run by the UAW and whoever they decide to confide in to execute the health care benefit and the investments with the millions that Ford Motor will hand over to them, and then Ford will wash their hands of any more health care responsibilities. Our IAM negotiations start Jan. 14th. The small group of individuals that will be across the table from the experts representing Ford Motor, are comprised of a few elected people that are Pattern Maker/Machinist by trade. We have no one of any particular expertise in finance, healthcare, or investment. We are expected to come to terms with little, to no knowledge or leverage of the task set before us. We have 1300 people's lives that will be affected by these negotiations. It is a shame that the larger unions will not step up to the plate and help with the terms that we are faced with. Ford Motor will use this to their advantage to squeeze a few more dollars out of our pockets. Thank you again for your generous contribution of foresight and knowledge to the concerns facing the American workers in this globalistic battle for the bottom line. Sincerely, Mark A. Gwynn IAM Benefits Rep. Ford Motor Cleveland Casting Plant |