Material Advisors and 419 Plans Litigation -
IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS
Lance WallachExpert WitnessHOME PAGEABOUT USCONTACT USSERVICESARTICLESServicesCall Today 516-938-5007 or516-935-7346Tax Fraud DefensesTax penalty abatementIRS audit appealsU.S. Tax Court casesMultinational taxation consultingIncorporating your businessRecovering losses from insurance companies & brokerage firmsTax shelter analysisPension plan reviews & evaluations419 & 412 type benefit plan analysis, remediationOffshore tax shelter issuesIRS listed transactions assistanceExpert witness testimony for tax, insurance & retirement plan casesSSI & Disability benefits advocatesPension & Benefit Plan FraudInsurance Company FraudI have a CPA and an Attorney. Why do I need you?FACT - "The Federal Tax Code is composed of 45,662 pages that require taxpayers to choose from 703 different forms. The Internal Revenue Code has grown to almost 1.4 million words today and is now 500,000 words longer than the Bible."There is another unequivocal fact that every small businessperson should know - "small privately held businesses pay a considerably higher percentage of their earnings to taxes than do large corporations in America." Why? Well, two reasons are on the payrolls of most small businesses. Though competent and qualified, the attorneys and accountants serving the small business community are not tax specialist. They are general practitioners. Small business attorneys focus mainly on legal matters such as contracts, entity formation and debt collections. Small business accountants wear many hats, such as: handling the books, interacting with the state and federal revenue services, reconciling bank records, preparing quarterly wage reports, etc. They simply don't have the time to spend 50 hours a week, 52 weeks a year, learning the intricacies of the ever changing tax code and applying the tax saving opportunities that lie within it.