Lance Wallach's Nationwide Life Insurance Litigation Blog

Lance Wallach's Nationwide Life Insurance Litigation Blog

13 comments:

  1. The Truth About Section 79 Permanent Insurance Plans


    Section 79 plans are a part of the employee benefit section of the Internal Revenue Service code (IRC). This code (IRC code Section 1.79) has been a part of the IRC since it was initially adopted in 1953. The President of the United States at that time was Dwight D. Eisenhower.

    Section 79 permanent insurance plans are sold within the United States by large national life insurance companies, all of whom have internal legal and compliance departments whose role is to ensure that the products sold by those companies are legal and comply with the rules and spirit of the law. Section 79 permanent insurance plans are sold legally in all 50 states of these United States of America. For the protection of consumers, each state has an insurance department that reviews and approves all company and agent licensing and products sold within that state. (see National Association of Insurance Commissioners at this link).

    So, here’s the truth about Section 79 Permanent Insurance Plans:
    • This is a legal insurance product, covered in the IRS Code number 1.79.
    • All group life insurance is covered under this IRS Code. Most governmental agencies, non-profit organizations and large Fortune 1,000 companies have section 79 as an employee benefit.
    • This is not a new code. The IRC 1.79 has been in the code since 1953.
    • All Section 79 products are fully vetted by major national insurance companies, their lawyers and compliance staffs, for sale in all 50 states. These are companies with long and successful histories of selling insurance products in the United States since the mid-1800’s.
    • Every state insurance department has fully vetted these Section 79 products and approved them for sales in their states. These products are legal for sale in all 50 states.
    • Section 79 plans are not “listed transactions.” Here is a list of all listed transactions according to the IRS – http://www.irs.gov/Businesses/Corporations/Listed-Transactions---LB&I-Tier-I-Issues

    There is no need to fear the innuendo of an internet spammer. For REAL information about Section 79 plans, contact Business Planning Group at (888)545-2205 or visit our website at BusinessPlanningGroup.com/truth .

    ReplyDelete
    Replies
    1. google lance wallach and this guy, who do u trust?

      Delete
    2. google lance wallach and this guy, who do u trust?

      Delete
    3. No need to switch the topic...we are talking about the Truth About Section 79 Permanent Insurance Plans


      Section 79 plans are a part of the employee benefit section of the Internal Revenue Service code (IRC). This code (IRC code Section 1.79) has been a part of the IRC since it was initially adopted in 1953. The President of the United States at that time was Dwight D. Eisenhower.

      Section 79 permanent insurance plans are sold within the United States by large national life insurance companies, all of whom have internal legal and compliance departments whose role is to ensure that the products sold by those companies are legal and comply with the rules and spirit of the law. Section 79 permanent insurance plans are sold legally in all 50 states of these United States of America. For the protection of consumers, each state has an insurance department that reviews and approves all company and agent licensing and products sold within that state. (see National Association of Insurance Commissioners at this link).

      So, here’s the truth about Section 79 Permanent Insurance Plans:
      • This is a legal insurance product, covered in the IRS Code number 1.79.
      • All group life insurance is covered under this IRS Code. Most governmental agencies, non-profit organizations and large Fortune 1,000 companies have section 79 as an employee benefit.
      • This is not a new code. The IRC 1.79 has been in the code since 1953.
      • All Section 79 products are fully vetted by major national insurance companies, their lawyers and compliance staffs, for sale in all 50 states. These are companies with long and successful histories of selling insurance products in the United States since the mid-1800’s.
      • Every state insurance department has fully vetted these Section 79 products and approved them for sales in their states. These products are legal for sale in all 50 states.
      • Section 79 plans are not “listed transactions.” Here is a list of all listed transactions according to the IRS – http://www.irs.gov/Businesses/Corporations/Listed-Transactions---LB&I-Tier-I-Issues

      There is no need to fear the innuendo of an internet spammer. For REAL information about Section 79 plans, contact Business Planning Group at (888)545-2205 or visit our website at BusinessPlanningGroup.com/truth .

      Delete
  2. SearchMain menunts can be a great way to make above market rate returns and capital appreciation. If approached by a stockbroker offering such an investment, inquire as to his or her commission, make sure you understand the fine print, make sure your broker fully understands the fine print and determine whether an employee of the brokerage firm has conducted extensive due diligence on the product. In other words, make sure that the investments has been well vetted and isn’t simply being offered because it carries a huge commission.
    Also make sure that your adviser is working through a legitimate broker dealer and not “selling away.”
    Stockbroker fraud occurs daily across the United States. Sometimes the broker is solely to blame and at other times its both the broker and a dishonest promoter. Either way, its the customers that ultimately suffer.
    If you believe you are the victim of stockbroker fraud, contact us immediately
    As an expert witness Lance Wallachs side has never lost a case.
    Lance Wallach
    68 Keswick Lane
    Plainview, NY 11803
    Ph.: (516)938-5007
    Fax: (516)938-6330 www.vebaplan.com
    National Society of Accountants Speaker of The Year

    The information provided herein is not intended as legal, accounting, financial or any type of advice for any specific individual or other entity. You should contact an appropriate professional for any such advice.

    Posted in Uncategorized | Tagged Expert Witness, Insurance, Lance W

    ReplyDelete

  3. The Offices of Lance Wallach :
    "America's leading Financial
    Services firm "(TM)
    Lance Wallach,
    Managing Director

    Financial Planning
    Divison

    Call us today:
    516-938-5007

    Email us at:
    LanWalla@aol.com
    The Lance Wallach advantage is credibility, experience & trust !!

    Many advisory firms offer financial planning and investment services,
    but the difference is that Lance Wallach wrote the books on Life
    Insurance, Financial & Estate planning that the other consultants
    learned from!

    If you want to sleep soundly at night, don't go to the students for your
    financial answers, go to the one who teaches them, Lance Wallach!

    For the past 25 years, successful businesses and individuals have
    turned to Lance Wallach and his team for assistance, and they are
    glad they did!
    Life Insurance & Financial Planning

    When you choose the
    Lance Wallach team, you
    are on the winning team !
    Copyright (C) 2009 Lance Wallach
    All rights reserved

    Lance Wallach, Managing Director, is the nation's
    leading expert on life insurance, annuities,
    retirement & financial planning for business
    executives, sports figures, entertainers, affluent
    families and successful entrepreneurs.

    Mr. Wallach is a member of the AICPA faculty of
    teaching professionals, a frequent keynote speaker
    at business conventions, a best selling financial
    author, and a renowned national financial expert in
    many court cases.

    Some of Mr. Wallach best selling financial & law
    books are:

    * "Wealth Preservation Planning" by the National
    Society of Accountants

    * "The CPA's Guide to Federal & Estate Gift
    Taxation" published by Bisk

    * The AICPA's "The team approach to Tax,
    Financial & Estate planning."

    * "The CPA's Guide to Life Insurance" by Bisk
    CPEasy

    * Avoiding Circular 230 Malpractice Traps and
    Common Abusive Small Businesss Hot spots by
    the AICPA, author/moderator Lance

    ReplyDelete

  4. The Offices of Lance Wallach :
    "America's leading Financial
    Services firm "(TM)
    Lance Wallach,
    Managing Director

    Financial Planning
    Divison

    Call us today:
    516-938-5007

    Email us at:
    LanWalla@aol.com
    The Lance Wallach advantage is credibility, experience & trust !!

    Many advisory firms offer financial planning and investment services,
    but the difference is that Lance Wallach wrote the books on Life
    Insurance, Financial & Estate planning that the other consultants
    learned from!

    If you want to sleep soundly at night, don't go to the students for your
    financial answers, go to the one who teaches them, Lance Wallach!

    For the past 25 years, successful businesses and individuals have
    turned to Lance Wallach and his team for assistance, and they are
    glad they did!
    Life Insurance & Financial Planning

    When you choose the
    Lance Wallach team, you
    are on the winning team !
    Copyright (C) 2009 Lance Wallach
    All rights reserved

    Lance Wallach, Managing Director, is the nation's
    leading expert on life insurance, annuities,
    retirement & financial planning for business
    executives, sports figures, entertainers, affluent
    families and successful entrepreneurs.

    Mr. Wallach is a member of the AICPA faculty of
    teaching professionals, a frequent keynote speaker
    at business conventions, a best selling financial
    author, and a renowned national financial expert in
    many court cases.

    Some of Mr. Wallach best selling financial & law
    books are:

    * "Wealth Preservation Planning" by the National
    Society of Accountants

    * "The CPA's Guide to Federal & Estate Gift
    Taxation" published by Bisk

    * The AICPA's "The team approach to Tax,
    Financial & Estate planning."

    * "The CPA's Guide to Life Insurance" by Bisk
    CPEasy

    * Avoiding Circular 230 Malpractice Traps and
    Common Abusive Small Businesss Hot spots by
    the AICPA, author/moderator Lance

    ReplyDelete

  5. EXPERT SERVICES

    Litigation Consulting
    Case Evaluation
    Evidence Review and Forensic Analysis Research
    Complaint, Petition, and Response Preparation Assistance
    Damage Calculations
    Expert Declarations and Affidavits
    Exhibits for Settlement Conference, Mediation, and Trial
    Active Litigation: Rebuttal Witness
    Deposition, Arbitration, and Trial Testimony
    Insurance Fraud
    Pension & Benefit Plan Fraud
    Insurance Company Fraud​ Reports
    419 & 412 plan defense
    Employee benefit plan audits/penalty resolution
    IRS Audit assistance
    Plan reviews, evaluations & remediation
    Expert Witness testimony
    Research & Analysis of Tax Laws
    Providing Guidance for Businesses, Attorneys, CPAs & Insurance professionals nationwide
    Stock market, Mutual fund & Insurance loss recovery
    Retirement Plan Lawsuit
    SEA NINE VEBA COMPANY

    EXPERT CREDENTIALS

    Speaker of the Year and member of the AICPA faculty of teaching professionals
    Frequent speaker on retirement plans, financial and estate planning, and abusive tax shelters
    Writes about 412(i), 419, and captive insurance plans
    Speaks at more than ten conventions annually
    Writes for more than fifty publications
    Is quoted regularly in the press and has been featured on television and radio financial talk shows including NBC, National Pubic Radio's All Things Considered, and others
    Author of Protecting Clients from Fraud, Incompetence and Scams published by John Wiley and Sons
    Author of Bisk Education's CPA's Guide to Life Insurance and Federal Estate and Gift Taxation
    Author of AICPA best-selling books, including Avoiding Circular 230 Malpractice Traps and Common Abusive Small Business Hot Spots

    ReplyDelete

  6. EXPERT SERVICES

    Litigation Consulting
    Case Evaluation
    Evidence Review and Forensic Analysis Research
    Complaint, Petition, and Response Preparation Assistance
    Damage Calculations
    Expert Declarations and Affidavits
    Exhibits for Settlement Conference, Mediation, and Trial
    Active Litigation: Rebuttal Witness
    Deposition, Arbitration, and Trial Testimony
    Insurance Fraud
    Pension & Benefit Plan Fraud
    Insurance Company Fraud​ Reports
    419 & 412 plan defense
    Employee benefit plan audits/penalty resolution
    IRS Audit assistance
    Plan reviews, evaluations & remediation
    Expert Witness testimony
    Research & Analysis of Tax Laws
    Providing Guidance for Businesses, Attorneys, CPAs & Insurance professionals nationwide
    Stock market, Mutual fund & Insurance loss recovery
    Retirement Plan Lawsuit
    SEA NINE VEBA COMPANY

    EXPERT CREDENTIALS

    Speaker of the Year and member of the AICPA faculty of teaching professionals
    Frequent speaker on retirement plans, financial and estate planning, and abusive tax shelters
    Writes about 412(i), 419, and captive insurance plans
    Speaks at more than ten conventions annually
    Writes for more than fifty publications
    Is quoted regularly in the press and has been featured on television and radio financial talk shows including NBC, National Pubic Radio's All Things Considered, and others
    Author of Protecting Clients from Fraud, Incompetence and Scams published by John Wiley and Sons
    Author of Bisk Education's CPA's Guide to Life Insurance and Federal Estate and Gift Taxation
    Author of AICPA best-selling books, including Avoiding Circular 230 Malpractice Traps and Common Abusive Small Business Hot Spots

    ReplyDelete
  7. National Offices of Lance Wallach
    National Offices of Lance Wallach
    Search SKIP TO CONTENT
    CAPTIVE INSURANCE PROBLEMS? UNDERSTANDING CAPTIVE INSURANCE OUR QUALIFICATIONS OUR SERVICES CONTACT US
    OUR QUALIFICATIONS
    1lancepicOur team consists of CPAs, attorneys, and former IRS agents with over 25 years of professional experience. Managing director Lance Wallach is the nation’s leading expert on employee benefit plans, captive insurance problems, abusive tax shelters, reportable transactions, and IRS audit defense. He provides consulting services and serves as an expert witness. In his experience providing expert witness testimony, his side has never lost a case

    Lance Wallach is 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.

    ReplyDelete
  8. National Offices of Lance Wallach
    National Offices of Lance Wallach
    Search SKIP TO CONTENT
    CAPTIVE INSURANCE PROBLEMS? UNDERSTANDING CAPTIVE INSURANCE OUR QUALIFICATIONS OUR SERVICES CONTACT US
    OUR QUALIFICATIONS
    1lancepicOur team consists of CPAs, attorneys, and former IRS agents with over 25 years of professional experience. Managing director Lance Wallach is the nation’s leading expert on employee benefit plans, captive insurance problems, abusive tax shelters, reportable transactions, and IRS audit defense. He provides consulting services and serves as an expert witness. In his experience providing expert witness testimony, his side has never lost a case

    Lance Wallach is 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.

    ReplyDelete