like finances, taxes, tax audits, and retirement plans, it's hard to keep a shop open for
business and to ensure that your future is in good hands....more
Vanguard Recognizes Interest In Annuities
From Financial Advisor Magazine - September 15, 2010Vanguard, the Valley Forge, Pa.-based investment company, has launched a Web-based service
that lets individuals compare fixed immediate annuities issued by leading insurance companies.
Vanguard Annuity Access, powered by Hueler Companies’ Income Solutions platform, also
offers deferred fixed annuity quotes. Vanguard joins more than a dozen Web sites listed on
“Google” that provide immediate annuity quotes to investors.... more
From Financial Advisor Magazine - September 15, 2010Vanguard, the Valley Forge, Pa.-based investment company, has launched a Web-based service
that lets individuals compare fixed immediate annuities issued by leading insurance companies.
Vanguard Annuity Access, powered by Hueler Companies’ Income Solutions platform, also
offers deferred fixed annuity quotes. Vanguard joins more than a dozen Web sites listed on
“Google” that provide immediate annuity quotes to investors.... more
The New Law Guarantees A Substantial FineThe bill reducing fines for improperly or not filing under 6707A has passed. That sigh of relief you heard last week might have come from
people participating in the plans named above, or anything seeking tax relief that is similar to them – what the IRS calls a listed transaction.
People think that Congress bailed them out of trouble for participation in such transactions, and that the excessive fines that were being
imposed are now a thing of the past. While the situation is certainly better than it was for some people, and while I do not want to rain on
anyone’s parade, you are still in Disasterville, and the next to last bus out just left....... more
people participating in the plans named above, or anything seeking tax relief that is similar to them – what the IRS calls a listed transaction.
People think that Congress bailed them out of trouble for participation in such transactions, and that the excessive fines that were being
imposed are now a thing of the past. While the situation is certainly better than it was for some people, and while I do not want to rain on
anyone’s parade, you are still in Disasterville, and the next to last bus out just left....... more
IRS Hiring Agents In Abusive Transactions GroupOctober 27, 2010
Here it is. Here is your proof of my predictions. Perhaps you didn’t believe me when I told you the IRS was coming after what it has deemed
“abusive transactions,” but here it is, right from the IRS’s own job posting. If you were involved with a 419e, 412i, listed transaction, abusive
tax shelter, Section 79, or captive, and you haven’t yet approached an expert for help with your situation, you had better do it now, before the
notices start piling up on your desk.......more
Here it is. Here is your proof of my predictions. Perhaps you didn’t believe me when I told you the IRS was coming after what it has deemed
“abusive transactions,” but here it is, right from the IRS’s own job posting. If you were involved with a 419e, 412i, listed transaction, abusive
tax shelter, Section 79, or captive, and you haven’t yet approached an expert for help with your situation, you had better do it now, before the
notices start piling up on your desk.......more
Get superior advice from Benefits Advisor articles: BeAdvised - Everything is
not fine.
November 2010
A few years ago, I testified as an expert witness in a case where a physician was in an abusive 40l(k) plan with life insurance. It had a
so-called "springing cash
value" policy in it............more
not fine.
November 2010
A few years ago, I testified as an expert witness in a case where a physician was in an abusive 40l(k) plan with life insurance. It had a
so-called "springing cash
value" policy in it............more
By Lance Wallach
The IRS started auditing § 419 plans in the 1990s, and then continued going after § 412(i) and other plans that they
considered abusive, listed, or reportable transactions, or substantially similar to such transactions. If an IRS audit
disallows the § 419 plan or the § 412(i) plan, not only does the taxpayer lose the deduction and pay interest and
penalties, but then the IRS comes back under IRC 6707A and imposes large fines for not properly filing. ...Read More.
FinanceExperts.Org
Wher
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