Tracy Sunderlage invested clients money in a Ponzi scheme, 412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS. 412i Lawsuits, 419 lawsuits, IRS Audits, 412i Problems,412i problems, Expert Witness Lance Wallach
HomeHomeProfilePeopleCollectionsCommunitiesEventsHangoutsPagesSettingsFeedback · TourHelp · RegionPrivacy · Terms · Maps TermsLance WallachFamily91 followers|94,734 viewsLance WallachShared publicly - Aug 5, 2015 IRS Targeting Section 79 Plans of Southwest Financial Group, Inc. (“SFG) Jul 16, 2015 IRS audit, IRS audit of Section 79 Plan, IRS audit of Southwest Financial Group plan, Phoenix, representation for Section 79 Plan audit, Section 79 Plan, Section 79 Plan audit, Southwest Financial Group audit, Southwest Financial Plan auditIRS tax auditor man with a stern or mean expressionInsurance agents and related enterprising people have continually endeavored to concoct plans that make them a great deal of money. And when I say “plans,” I mean welfare benefit plans. These are insurance-based plans that employers can invest money into under the guise that the contributions are tax-deductible; likewise, they are represented as having the benefit of allowing withdrawals at some point in a non-taxable manner.The IRS has never (as far as we are aware) agreed with one of these Plans. In other words, these types of Plans (and, oftentimes, their promoters) have been subject to extreme scrutiny by the IRS—and this, generally, has included not only an audit of the Plans, but also of participating employers/employees in the Plans.As if this were not ominous enough (ie. having the IRS audit participating employers/employees), almost invariably, these audits result in a requirement to pay not only back taxes, but overwhelming penalties of various types, as well as interest on these amounts—all of which can be staggering and even life-altering to participants who were innocently trying to plan for retirement.One of the latest targets by the IRS is Southwest Financial Group, Inc. (“SFG”). SFG is a business located in Phoenix, Arizona, that created and/or promoted a number of “Section 79” Plans. These plans are now the focus of the IRS and their participants are beginning to receive audit notices.We believe the participating employers/employees in the SFG “Section 79” Plans may have been exposed to severe and significant losses as a result of their participation in these suspect, scheme-based tax shelters. Our firm has handled many cases relating to welfare benefit plans and we have helped a tremendous number of damaged employers and employees. I am confident we can help those damaged by Southwest Financial Group if given the opportunity. If you have any questions regarding this issue, please call our office IRS Attacks Business Owners in 419, 412, Section 79 and Captive Insurance Plans Under Section 6707Afinance.toolbox.comTaxpayers who previously adopted 419, 412i, captive insurance or Section 79 plans are in big trouble.1Lance Wallach's profile photo3 commentsLance WallachAug 19, 2015 Pissed ConsumerComplaintsCategoriesFor BusinessSubmit Complaint ›LoginSign Up CJA and associates 419 412i section 79 scam audits lawsuits3 of 3 CJA And Associates ReviewsISSUE NOT RESOLVEDNew York City, New York Oct 24, 2012 509 views 33 commentswww.taxaduit419.com for help with 419 plans IRS audits lawsuits of 419 412i captive insurance and section 79 plans|.California Enrolled Agent
Hartford Life and Annuities LawsuitsHartford Life and Annuities 419, 412i, 412(e)(3) Plans LawsuitsWednesday, March 11, 2015HartfordTo: Michael Kalen/HIG Simsbury@HARTFORD_LIFESubject: Re: 419 and Sales Goalscc:I don't believe timing is valid-none of the industry associations picked up on this. I also feel that we are aheadof our competitors in understanding and reacting. I to have been receiving several phone calls about this andunderstand the concerns. Your decision might be to issue 419A(f)(6) for the rest of this year, report on ourcorporate returns, and just not issue anything new next year. The other answer could be allow the clientestablish a 419(e) plan. We are at the mercy of our attorneys at this point. Dan M. said he could lose 5-10 mil inpremium if we don't make a decision by Friday. Charlie is also concerned. I would love suggestions on how togo forward. The other issue that I am concerned about is how material advisor now effects the b/ds? If we issue, we could be potentially hurting our relationships with our partners.Please advise-I'll swing by before I leave tonight to discuss if you have time_John A. VaccaroChief Marketing Officer-Individual LifeHartford LifeTelephone (860) 843-4250Posted by Lance Wallach at 9:34 AM Email ThisBlogThis!Share to TwitterShare to FacebookShare to PinterestLabels: 412i, 419Plans, Hartford, Lance Wallach, Lance Wallach Expert WitnessMonday, March 9, 2015Hartford Life Insurancewww.vebaplan.comHartford life insurance company was emailed by lance wallach in 2002 warning that the insurance they put in 419 plans would be audited and problems and lawsuits and they did nothing. As an expert witness lance wallach has never lost a case. Google lance wallach.412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.sue hartford life ins and win
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