LanceWallach submitted the following stories to BizSugar

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 savings. The solutions range from traditional pension and profit sharing plans to more advanced strategies.
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Taxpayers who previously adopted 419, 412i, captive
insurance or Section 79 plans are in big trouble.

In recent years, the IRS has identified many of these arrangements as abusive devices to funnel tax deductible dollars to shareholders and classified these arrangements as listed transactions." Read More
Many accountants and insurance agents who signed for, gave advice on, or sold many 412i, 419, captive insurance or Section 79 plans are finding themselves not only losing their licenses but being fined huge penalties by the IRS as well. The sad thing is, many of them not only didn't see it coming. Read More
Financial advisors who have sold certain types of retirement and other benefit plans to small businesses might soon be facing a wave of lawsuits; unless Congress decides to take action soon. Affected plans are 412 and 419 plans as well as captive insurance and Section 79 Plans... Read More
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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!