Life comes with questions. We bring answers. Life insurance, retirement income, longevity planning, disability insurance - no matter the need, we provide the tools and, more importantly, the people financial professionals need to get the job done. And done right.
Most brokerages show up with a product and a payout. We show up with solutions, turning obstacles into opportunities. Any partner can process quotes and applications - we help you anticipate challenges, discover new opportunities, innovate and grow.
Trust is your business, and trust is our business. It’s what we do. We do it because we care - deeply - about your business, your clients, your future.
Privately owned for more than 45 years, we always strive to do what’s best, what’s right. And, we put your clients' needs before our own, giving you more than expected - Every. Single. Time.
Whatever the question, whatever the need. Ash Answers.
This guy is completely full of it. None of your employer’s contribution to your 401k is taxed upfront, and none of it is subject to Medicare/Social Security ever. Almost nobody adds contributions to their 401k beyond the pretax limit. This guy is telling lies to sell a crappy product.
does a life insurance agent collect a commission by going to a life settlement company and giving them new business that they otherwise would not have had.
Question..if a person has fixed annuities for life ..let's say by Transamerica. Does the annuitor own the policy? Or would transamerica corporation own annuity policy? I thought annuit is same as owner?
This video started playing randomly after I stepped away from watching a different video on the general topic of "captive market." The funny thing is, I worked as an Associate Agent in the same office as this speaker Wes Sierk when he was still a young agent at Northwestern Mutual in DTLA back in 1998. Small world and good to see he's still at it.
IRS practice is to identify Promoters who are selling captive insurance companies and to open audits of the Promoters. From those audits, the IRS obtains customer lists and opens individual audits of the customers.
IRS practice is to identify Promoters who are selling captive insurance companies and to open audits of the Promoters. From those audits, the IRS obtains customer lists and opens individual audits of the customers.
I live in a complex full of old people. Everyone I speak with is getting a monthly Federal welfare check. I mostly worked for cash. How can I collect a monthly welfare, SS, check?
Steve rockin the sport coat and short shelves - screams he may have a future in middle management. Jerry's sideburns attempt to fill the gap for his lack of content. Do yourself a favor and don't watch this video.
Microcaptives continue to be subject to heightened IRS scrutiny. Accordingly, taxpayers that own microcaptives should consider reviewing existing arrangements to analyze whether all requirements have been met to support continued qualification as an insurance company for federal income tax purposes. Contact Lance Wallach for assistance with all your tax needs. 516-236-8440 Wallachinc@gmail.com
The Supreme Court rarely hears tax cases which makes the recent oral arguments in CIC Services v IRS exciting. That is about all that makes them exciting to ordinary mortals as what was going on at the Supreme Court was an argument about whether they could have an argument. In 2017, CIC Services and Ryan LLC brought an action in the United States District Court for the Eastern District of Tennessee asking to set aside IRS Notice 2016-66 as modified by IRS Notice 2017-08. Both the District Court and the Sixth Circuit ruled that the action was barred by the Anti Injunction Act. The notices concern micro-captive transactions. Micro-captive has a science fiction sound to it, Makes me think of Kandor - the Kryptonian city in a bottle that Superman kept in his Fortress of Solitude. That's not it, though. It is about insurance, sort of. Simplistically, a captive is an insurance company that is owned by the insured or related parties. Micro means it takes in less than $2.3 million in premiums. (I'm simplifying. The threshold has been changing. wallachinc@gmail.com 516-236-8440
The Internal Revenue Service (IRS) has targeted micro captives for years, but in more recent times they have ramped up their efforts to do so, including them on its ‘Dirty Dozen’ list of tax scams since 2014, along with other actions. In 2016, the Department of Treasury and IRS issued Notice 2016-66, which formally labelled micro captives as ‘transactions of interest’. The IRS advised that these transactions have the potential for tax avoidance or evasion. Contact Lance Wallach and get your money back from the promoters of these scams. 516-236-8440 Wallachinc@gmail.com
Taxpayers who engaged in abusive micro-captive transactions should consult an independent tax advisor prior to filing their 2020 tax returns. Taxpayers should consider exiting the transaction and not reporting deductions associated with these transactions. Contact Lance Wallach for assistance 516-236-8440 Wallachinc@gmail.com
micro-captives and other similar arrangements clearly will continue to be the subject of heightened IRS attention. Therefore, companies with Section 831(b) micro-captives should review existing arrangements for continuing qualification as an insurance company for federal income tax purposes. Contact Lance Wallach and get your money back from the promoters of these scams. 516-236-8440 Wallachinc@gmail.com
The IRS has been targeting abuse of micro-captive insurance companies for some time now. In 2014, these schemes were listed on the “Dirty Dozen” list of tax scams that the IRS issued, and the IRS included micro-captive insurance schemes in Notice 2016-66 that it issued in 2016. Some taxpayers have challenged the IRS when it disallowed tax benefits under micro-captive insurance companies, but the IRS has consistently prevailed in court. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The Internal Revenue Service (IRS) has targeted micro captives for years, but in more recent times they have ramped up their efforts to do so, including them on its ‘Dirty Dozen’ list of tax scams since 2014, along with other actions. In 2016, the Department of Treasury and IRS issued Notice 2016-66, which formally labelled micro captives as ‘transactions of interest’. The IRS advised that these transactions have the potential for tax avoidance or evasion. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 wallachinc@gmail.com
The Internal Revenue Service (IRS) has targeted micro captives for years, but in more recent times they have ramped up their efforts to do so, including them on its ‘Dirty Dozen’ list of tax scams since 2014, along with other actions. In 2016, the Department of Treasury and IRS issued Notice 2016-66, which formally labelled micro captives as ‘transactions of interest’. The IRS advised that these transactions have the potential for tax avoidance or evasion. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The Internal Revenue Service (IRS) has targeted micro captives for years, but in more recent times they have ramped up their efforts to do so, including them on its ‘Dirty Dozen’ list of tax scams since 2014, along with other actions. In 2016, the Department of Treasury and IRS issued Notice 2016-66, which formally labelled micro captives as ‘transactions of interest’. The IRS advised that these transactions have the potential for tax avoidance or evasion. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The Internal Revenue Service (IRS) has targeted micro captives for years, but in more recent times they have ramped up their efforts to do so, including them on its ‘Dirty Dozen’ list of tax scams since 2014, along with other actions. In 2016, the Department of Treasury and IRS issued Notice 2016-66, which formally labelled micro captives as ‘transactions of interest’. The IRS advised that these transactions have the potential for tax avoidance or evasion. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 wallachinc@gmail.com
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 wallachinc@gmail.com
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The IRS started its coordinated program targeting Section 831(b) captive insurance companies with their inclusion on its annual “Dirty Dozen” list starting in 2014. Those efforts increased with the release of Notice 2016-66 in November 2016. Notice 2016-66 made transactions with small captive insurance companies “Transactions of Interest” and required all taxpayers engaged in such transactions to disclose their participation in captive insurance transactions to the Office of Tax Shelter Analysis on Form 8886. Failure to properly disclose participation in such transactions can result in significant civil penalties. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The IRS started its coordinated program targeting Section 831(b) captive insurance companies with their inclusion on its annual “Dirty Dozen” list starting in 2014. Those efforts increased with the release of Notice 2016-66 in November 2016. Notice 2016-66 made transactions with small captive insurance companies “Transactions of Interest” and required all taxpayers engaged in such transactions to disclose their participation in captive insurance transactions to the Office of Tax Shelter Analysis on Form 8886. Failure to properly disclose participation in such transactions can result in significant civil penalties. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com
The IRS started its coordinated program targeting Section 831(b) captive insurance companies with their inclusion on its annual “Dirty Dozen” list starting in 2014. Those efforts increased with the release of Notice 2016-66 in November 2016. Notice 2016-66 made transactions with small captive insurance companies “Transactions of Interest” and required all taxpayers engaged in such transactions to disclose their participation in captive insurance transactions to the Office of Tax Shelter Analysis on Form 8886. Failure to properly disclose participation in such transactions can result in significant civil penalties. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 Wallachinc@gmail.com