CJA and associates 419 plan lawsuits IRS audits Reviews | Scambook

CJA and associates 419 plan lawsuits IRS audits Reviews | Scambook

17 comments:

  1. SADI Trust,Beta 419,Millennium Plan,Bisys,Creative Services Group,Sterling Benefit Plan,Compass 419,Niche 419,CRESP,Sea Nine Veba, American Benefits Trust, National Benefit Plan and Trust, ABT, Professional Benefits Trust
    Benistar 419 Plan, nova trust, Grist mill trust, Sadi Trust IRS raids, Millennium 419 Plan,Bisys 419,Creative Services Group 419 Plan,Sterling Benefit 419 Plan,CRESP 419,Sea Nine Veba 419, National Benefit Plan and Trust 419, American Benefits Trust 419,ABT 419,Old Mutual, Allmerica Financial, American Heritage Life, Commercial Union Life, National Life of Vermont, Old Line Life, Security Mutual Life, West Coast Life
    "Grist Mill Trust" "Real Veba""Section 79 GEAR" GEAR" "United Financial Group" "Kenny Hartstein" "Millennium Plan" Kenny Hartstein" "Millennium Plan" "Tom Crosswhite" "Greg Roper""captive insurance" cresp "Ridge Plan" "Professional benefits Trust" "PBT " "Professional Planning Associates" "National Pension Associate" "NPA""Heritage Plan" ""Insurance fraud""pension and benefit plan fraud""insurance company fraud""ECI Pension Services""Pension Professionals of America""ABI""Hartford""AIG""Indy Life""Indianapolis Life""Advantage"

    Names of People who SOLD:
    "Kenny Hartstein""Dennis Cunning""Steve Toth""Michael Sonnenberg"Larry Bell""Scott Ridge""Randall Smith""Greg Roper""Tracy Sunderlage""Warren Trust""Joseph Donnelly""Norm Bevan""Judy Carsrud""Dan Carpenter""Ed Waesche" "Tom Crosswhite""David Struckman""George Huff" "Tom Crosswhite" "Greg Roper""Christopher Jarvis" David Mandell" Gen Von Oder
    Insurance Companies -- need to be 412 AND 419:
    Hartford 419, Pacific Life 419, PAC Life 419, AVIVA, 419, Indianpolis Life, Penn Mutual419,Bankers Life 419, John Hancock 419, Security Mutual 419, Transamerica 419,Prudential 419, Kansas City Life 419, Mass Mutual419, Guardian 419, Amerus 419, Wells Fargo 419, Fifth Third Bank 419, Arrow Head Trust 419, U.S. Benefits Group, Benefit Plan Advisors, Rex Insurance Service,Advantage,AIG, Old Mutual, Allmerica Financial, American Heritage Life, Commercial Union Life, National Life of Vermont, Old Line Life, Security Mutual Life, West Coast Life

    Had tax problems Lance Wallach fixed

    ReplyDelete


  2. By Lance Wallach, CLU, Chic, CIMC and Ronald H. Snyder, JD, MAAA, EA
    For years, life insurance companies and agents have tried to find ways of making life insurance premiums paid by business owners tax deductible. This would allow them to sell policies at a “discount.”
    The problem became acute a few years ago with outlandish claims about how §§419A(f)(5) and (6) of the Internal Revenue Code (IRC) exempted employers from any tax deduction limitations. Other inaccurate assertions were made as well, until the Internal Revenue

    ReplyDelete

    Lance WallachOctober 28, 2015 at 2:53 PM

    Hartford Life and Annuities Lawsuits
    Hartford Life and Annuities 419, 412i, 412(e)(3) Plans Lawsuits

    Wednesday, March 11, 2015
    Hartford
    To: Michael Kalen/HIG Simsbury@HARTFORD_LIFE
    Subject: Re: 419 and Sales Goals
    cc:
    I don't believe timing is valid-none of the industry associations picked up on this. I also feel that we are ahead
    of our competitors in understanding and reacting. I to have been receiving several phone calls about this and
    understand the concerns. Your decision might be to issue 419A(f)(6) for the rest of this year, report on our
    corporate returns, and just not issue anything new next year. The other answer could be allow the client
    establish a 419(e) plan. We are at the mercy of our attorneys at this point. Dan M. said he could lose 5-10 mil in
    premium if we don't make a decision by Friday. Charlie is also concerned. I would love suggestions on how to
    go 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. Vaccaro
    Chief Marketing Officer-Individual Life
    Hartford Life
    Telephone (860) 843-4250
    Posted by Lance Wallach at 9:34 AM
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    Labels: 412i, 419Plans, Hartford, Lance Wallach, Lance Wallach Expert Witness
    Monday, March 9, 2015
    Hartford Life Insurance
    www.vebaplan.com
    Hartford 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

    ReplyDelete


  3. By Lance Wallach, CLU, Chic, CIMC and Ronald H. Snyder, JD, MAAA, EA
    For years, life insurance companies and agents have tried to find ways of making life insurance premiums paid by business owners tax deductible. This would allow them to sell policies at a “discount.”
    The problem became acute a few years ago with outlandish claims about how §§419A(f)(5) and (6) of the Internal Revenue Code (IRC) exempted employers from any tax deduction limitations. Other inaccurate assertions were made as well, until the Internal Revenue

    ReplyDelete

    Lance WallachOctober 28, 2015 at 2:53 PM

    Hartford Life and Annuities Lawsuits
    Hartford Life and Annuities 419, 412i, 412(e)(3) Plans Lawsuits

    Wednesday, March 11, 2015
    Hartford
    To: Michael Kalen/HIG Simsbury@HARTFORD_LIFE
    Subject: Re: 419 and Sales Goals
    cc:
    I don't believe timing is valid-none of the industry associations picked up on this. I also feel that we are ahead
    of our competitors in understanding and reacting. I to have been receiving several phone calls about this and
    understand the concerns. Your decision might be to issue 419A(f)(6) for the rest of this year, report on our
    corporate returns, and just not issue anything new next year. The other answer could be allow the client
    establish a 419(e) plan. We are at the mercy of our attorneys at this point. Dan M. said he could lose 5-10 mil in
    premium if we don't make a decision by Friday. Charlie is also concerned. I would love suggestions on how to
    go 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. Vaccaro
    Chief Marketing Officer-Individual Life
    Hartford Life
    Telephone (860) 843-4250
    Posted by Lance Wallach at 9:34 AM
    Email This
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    Labels: 412i, 419Plans, Hartford, Lance Wallach, Lance Wallach Expert Witness
    Monday, March 9, 2015
    Hartford Life Insurance
    www.vebaplan.com
    Hartford 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

    ReplyDelete
  4. Lawyers and Settlements
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    Home Page >> Lawsuits Filed >> Lawsuit: Class Action Filed against CJA and Associates and Fidelity Security Life

    Class Action Filed against CJA and Associates and Fidelity Security Life

    Hartford, CT: A consumer fraud class action lawsuit has been filed against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL).

    The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the initial money invested was being siphoned off in commissions and fees.

    The so-called Section 412 (e)(3) plans are under attack from the IRS as illegitimate attempts to avoid federal taxes. The lawsuit alleges that by advising investment in these plans CJA and FSL breached federal laws governing advice given to employee benefit plans.

    Plaintiffs are represented by Moukawsher & Walsh, LLC.

    CJA and FSL Breach of Fiduciary Duties Class Action Legal Help

    ReplyDelete
  5. Lawyers and Settlements
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    Home Page >> Lawsuits Filed >> Lawsuit: Class Action Filed against CJA and Associates and Fidelity Security Life

    Class Action Filed against CJA and Associates and Fidelity Security Life

    Hartford, CT: A consumer fraud class action lawsuit has been filed against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL).

    The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the initial money invested was being siphoned off in commissions and fees.

    The so-called Section 412 (e)(3) plans are under attack from the IRS as illegitimate attempts to avoid federal taxes. The lawsuit alleges that by advising investment in these plans CJA and FSL breached federal laws governing advice given to employee benefit plans.

    Plaintiffs are represented by Moukawsher & Walsh, LLC.

    CJA and FSL Breach of Fiduciary Duties Class Action Legal Help

    ReplyDelete
  6. Lawyers and Settlements
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    Home Page >> Lawsuits Filed >> Lawsuit: Class Action Filed against CJA and Associates and Fidelity Security Life

    Class Action Filed against CJA and Associates and Fidelity Security Life

    Hartford, CT: A consumer fraud class action lawsuit has been filed against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL).

    The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the initial money invested was being siphoned off in commissions and fees.

    The so-called Section 412 (e)(3) plans are under attack from the IRS as illegitimate attempts to avoid federal taxes. The lawsuit alleges that by advising investment in these plans CJA and FSL breached federal laws governing advice given to employee benefit plans.

    Plaintiffs are represented by Moukawsher & Walsh, LLC.

    CJA and FSL Breach of Fiduciary Duties Class Action Legal Help

    ReplyDelete
  7. Lawyers and Settlements
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    Home Page >> Lawsuits Filed >> Lawsuit: Class Action Filed against CJA and Associates and Fidelity Security Life

    Class Action Filed against CJA and Associates and Fidelity Security Life

    Hartford, CT: A consumer fraud class action lawsuit has been filed against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL).

    The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the initial money invested was being siphoned off in commissions and fees.

    The so-called Section 412 (e)(3) plans are under attack from the IRS as illegitimate attempts to avoid federal taxes. The lawsuit alleges that by advising investment in these plans CJA and FSL breached federal laws governing advice given to employee benefit plans.

    Plaintiffs are represented by Moukawsher & Walsh, LLC.

    CJA and FSL Breach of Fiduciary Duties Class Action Legal Help

    ReplyDelete
  8. CJA And Associates - Trust Fraud


    4 of 5 CJA And Associates Reviews
    Greenville, South Carolina Apr 29, 2013 17 views 0 comments
    We were sold what was supposed to be tax deductible employee benefit trust plans that turned out to be disallowed by the IRS costing us hundreds of thousands of dollars in taxes, penalties and the company and agent that sold us got huge commissions on these bogus plans

    We have had nothing but the run around from these people and they control the trust and make up all the rules to their benefit and leave their customers hanging and stuck with huge attorney fees and IRS penalties

    Beware

    If you have been damaged by these plans please leave info on this site and contact information

    ReplyDelete
  9. CJA And Associates - Trust Fraud


    4 of 5 CJA And Associates Reviews
    Greenville, South Carolina Apr 29, 2013 17 views 0 comments
    We were sold what was supposed to be tax deductible employee benefit trust plans that turned out to be disallowed by the IRS costing us hundreds of thousands of dollars in taxes, penalties and the company and agent that sold us got huge commissions on these bogus plans

    We have had nothing but the run around from these people and they control the trust and make up all the rules to their benefit and leave their customers hanging and stuck with huge attorney fees and IRS penalties

    Beware

    If you have been damaged by these plans please leave info on this site and contact information

    ReplyDelete
  10. consumer fraud class action lawsuit has been filed against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL).

    The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the initial money invested was being siphoned off in commissions and fees.

    The so-called Section 412 (e)(3) plans are under attack from the IRS as illegitimate attempts to avoid federal taxes. The lawsuit alleges that by advising investment in these plans CJA and FSL breached federal laws governing advice given to employee benefit plans.

    ReplyDelete
  11. consumer fraud class action lawsuit has been filed against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL).

    The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the initial money invested was being siphoned off in commissions and fees.

    The so-called Section 412 (e)(3) plans are under attack from the IRS as illegitimate attempts to avoid federal taxes. The lawsuit alleges that by advising investment in these plans CJA and FSL breached federal laws governing advice given to employee benefit plans.

    ReplyDelete
  12. Class Action Filed against CJA and Associates and Fidelity Security Life

    Hartford, CT: A consumer fraud class action lawsuit has been filed against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL).

    The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the initial money invested was being siphoned off in commissions and fees.

    The so-called Section 412 (e)(3) plans are under attack from the IRS as illegitimate attempts to avoid federal taxes. The lawsuit alleges that by advising investment in these plans CJA and FSL breached federal laws governing advice given to employee benefit plans.

    ReplyDelete
  13. id!
    Winning Team
    When you choose the
    Lance Wallach team, you
    are on the winning team !
    Lance Wallach Managing Director
    Lance Wallach, Managing Director, is the nations leading expert on life insurance, annuities,
    retirement & financial planning for business executives, sports figures, entertainers, affluent families
    and successful entrepreneurs.

    Mr. Wallach is a member of the AICPA faculty of teaching professionals, a frequent keynote speaker
    at business conventions, a best selling financial author, and a renowned national financial expert in
    many court cases.

    Some of Mr. Wallach best selling financial & law books are:

    * "Wealth Preservation Planning" by the National Society of Accountants

    * "The CPA's Guide to Federal & Estate Gift Taxation" published by Bisk

    * The AICPA's "The team approach to Tax, Financial & Estate planning."

    * "The CPA's Guide to Life Insurance" by Bisk CPEasy

    * Avoiding Circular 230 Malpractice Traps and Common Abusive Small Businesss Hot spots by the
    AICPA, author/moderator Lance Wallach
    In today's volatile and unpredictable
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    history it is so vitally important to plan
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    ReplyDelete
  14. Cja and associates, ray ankner and the IRS
    Edit article
    Published on May 18, 2016
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    Stacey Arenas
    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    CJA and associates Ray Ankner and the IRS



    FEDERAL COURT FINDS PREPARE PLAN TO BE SUBSTANTIALLY SIMILAR TO NOTICE 95-34
    05 / 21 / 2015

    Vee's Marketing v. United States, Western District of Wisconsin

    May 21, 2015
    After granting the Government's motion for partial summary judgment in 2014, the Federal Court has now ruled in favor of the Government and rejects the taxpayer's claim for refund lawsuit. At issue was whether the marketed "Prepare Plan" is a listed transaction (i.e., the same as, or is substantially similar to the transactions described in Notice 95-34, in conjunction with IRS Notice 2000-15). The plan at issue is the Affiliated Employers Health & Welfare Trust Plan, purporting to be a multiple employer welfare benefit plan under 26 USC Section 419A(f)(6)(B), whereby 10 or more small employers can come together and purchase insurance for employees. CJA and Associates is the insurance marketing company. The Court found that there was no true pooling of risk with regard to the plan; that instead, there were efforts to segregate and account as to each employer making contributions to the plan.
    In the case, the IRS had assessed a IRC 6707A penalty, of $10,000 per year in 2004, 2005, 2006, and 2007 against Vee' Marketing, Inc., a S corporation wholly owned by Mr. Vee. No Form 8886 was filed by the company in the years 2004, 2005, 2006, and 2007, with respect to years in which contributions were made to the trust, and deductions taken by the company for retirement expenses. A Form 8886 was attached to the 2011 and 2012 tax year returns. The company paid the penalty, in full, and then filed a claim for refund of the same. The IRS relied on Mr. Charles DeWeese, as an actuarial expert in the case. He has testified in as many as 7-8 cases.

    LikedUnlikeCja and associates, ray ankner and the IRSCommentShareShare Cja and associates, ray ankner and the IRS
    Stacey Arenas
    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    526 articles
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    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    CJA AND ASSOCIATES, LAWSUITS
    Edit article
    Published on July 27, 2016
    LikedUnlikeCJA AND ASSOCIATES, LAWSUITS1Comment10ShareShare CJA AND ASSOCIATES, LAWSUITS2
    Stacey Arenas… See more
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    4mo
    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    CJA Marketing CJA and Associates Sold defective retirement plans costing us hundreds of thousands of dollars, Internet
    UnlikeReplyYou +2
    6mo
    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    #auditslawsuitssection79plan

    ReplyDelete
  15. cja audits IRS get ur money back
    Published on November 21, 2016
    Likecja audits IRS get ur money back0Comment4ShareShare cja audits IRS get ur

    ReplyDelete

  16. Raymond Ankner Insurance
    Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA and Associates’ plans, 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

    Audits of section 79, captive insurance, 412i and 419 scams
    Audits of section 79, captive insurance, 412i and 419 scams
    Posted by Lance Wallach at 5/24/2017 04:07:00 PM No comments:
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    Labels: 412i, 419, abusive tax shelters, captive insurance, cja and associate, IRS audits
    Author Lance Wallach - Protecting Clients from Fraud, Incompetence, and Scams
    Author Lance Wallach - Protecting Clients from Fraud, Incompetence, and Scams
    Posted by Lance Wallach at 5/24/2017 04:07:00 PM 8 comments:
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    Labels: abusive tax shelters, benistar, cja and associate, Lance Wallach
    Lance Wallach | LinkedIn
    Lance Wallach | LinkedIn
    Posted by Lance Wallach at 5/24/2017 04:07:00 PM 15 comments:
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    Lance Wallach and his associates provide Expert Witness Services |
    Lance Wallach and his associates provide Expert Witness Services |
    Posted by Lance Wallach at 5/24/2017 04:07:00 PM 9 comments:
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    Labels: 412i, 419, captive insurance, Lance Wallach
    Abusive Insurance and Retirement Plans

    by Lance Wallach
    Many of the listed transactions that can get your clients into trouble with the IRS are exotic shelters that relatively few practitioners ever encounter. When was the last time you saw someone file a return as a Guamanian trust (Notice 2000-61)? On the other hand, a few listed transactions concern relatively common employee benefit plans the IRS has deemed tax-avoidance schemes or otherwise abusive. Perhaps some of the most likely to crop up, especially in small business returns, are arrangements purporting to allow deductibility of premiums paid for life insurance under a welfare benefit plan.
    continue reading the article here
    Posted by Lance Wallach at 5/24/2017 04:07:00 PM 1 comment:
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    Labels: 412i, 419, abusive tax shelters, Lance Wallach

    ReplyDelete
  17. Benistar audits and lawsuits
    Published on September 21, 2015
    LikeBenistar audits and lawsuits1Comme

    ReplyDelete