Expert witness testimony
Plan reviews and evaluations
Research and analysis of tax laws
419e and 412i plan rescue
Providing guidance for attorneys, CPAs and taxpayers nationwide
Determination letters of tax exempt status
Most services can be handled through written and electronic communication
Member of the AICPA faculty of teaching professionals
AICPA Author and Instructor
The leading expert and consultant on employee benefit plans (VEBA, 419e, 412i, 501c); life insurance, estates, trusts and pensions.
National Society of Accountants Speaker of the Year. Writes for over 50 national publications.
Over 30 years professional experience
Managing Director of Veba Plan LLC
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. Education:
· Baruch College (CUNY), Baruch College Graduate School
· The American College – Chartered Financial Consultant (ChFC)
· The American College – Chartered Life Underwriter (CLU)
Guest Lecturer for:
Baruch College (Taxes on Tuesdays); Long Island University, C.W. Post Graduate School of Accountancy. Lance Wallach, Managing Director, 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 helping 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 Planningby 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 more than 30 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.
Due to recent changes to IRS regulations, most 419 plans and 412i plans are now in violation of the tax laws, and could subject both participants and their material advisors to large IRS tax penalties. The IRS is auditing many of these benefit plans now, and Section 79 plans, listed and reportable transactions and captive insurance are causing problems too. Let Lance Wallach review your plans BEFORE you get fined.
Avoid "IRS interest and penalties". Contact us for preventive advice today before it's too late! Click on the links below to view two of Lance's many helpful articles.. The IRS has made it difficult for your accountant to help you.IRS Says Most "419 Plans" are "Abusive Tax Shelters"
Contact Lance Wallach for a personal and confidential FREE telephone consultation. 516-938-5007