Material Advisors and 419 Plans Litigation -
IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS
BioLance Wallach’s expertise lies in the areas of IRS tax problems such as 412i and 419 plans, as well as other welfare benefit plans and tax shelters in regards to IRS compliance. When Lance Wallach's expert witness testimony has been used in tax court, his side has not yet lost a case! Lance's team's knowledge of 419 and 412i plan compliance with new IRS Revenue Rulings have set him apart as an expert at properly filing 8886 forms and he has saved his clients hundreds of thousands of dollars in IRS tax penalties and interest. Lance has been an invited speaker at more than 70 conventions each year, including the annual national conventions of the American Association of Attorney Certified Public Accountants, National Society of Accountants, National Network of Estate Planning Attorneys, National Association of Tax Practitioners, National Association of Enrolled Agents, National Association of Health Underwriters, American Society of Pension Actuaries, Employee Benefits Expo, Health Insurance Underwriters, NAPFA, NAIFA, FPA, NABA, ALPFA, various state CPA societies, Tax Institutes, as well as medical and insurance conventions, before CLU Societies, CPA/Law Forums throughout the United States, and Estate Planning conventions. Mr. Wallach is the nation's leading expert on employee benefit plans, tax problem resolution and IRS audit defense. Mr. Wallach's team of highly experienced tax attorneys, CPAs and ex-IRS agents have helped his clients save hundreds of thousands of dollars by successfully defending them in lawsuits and IRS audits. Lance Wallach, a member of the AICPA faculty of teaching professionals and an AICPA course developer, is a frequent and popular speaker on retirement plans, financial and estate planning, reducing health insurance costs, and tax oriented strategies at accounting and financial planning conventions. He has authored numerous books, including The Team Approach to Tax, Financial and Estate Planning by the AICPA and Wealth Preservation Planning by the National Society of Accountants. His newest books are CPA’s Guide to Life Insurance and CPA’s Guide to Federal and Estate Gift Taxation, published by Bisk CPEasy, and Protecting Clients from Fraud, Incompetence and Scams, published by John Wiley & Sons, Incorporated. Mr. Wallach writes for over fifty publications, including AICPA Planner, Accounting Today, CPA Journal, Enrolled Agents Journal, Financial Planning, Registered Representative, Tax Practitioners Journal, CPA/Law Forum, Employee Benefit News, Health Underwriter, Advisor and the American Medical Association News. Mr. Wallach is listed in Who’s Who in Finance and Industry and has been featured on television and radio financial talk shows.