Many of you are being exposed to abusive strategies sold to your clients. I have been published on these matters by a lot of tax publications: attached are a few examples. The AICPA and Bisk have just started using two CPE courses on these subjects that I have written. I receive weekly phone calls from tax professionals asking for assistance because they do not understand these products being sold to their clients. . These products include welfare benefit plans, some 412i retirement plans, various annuities and insurance products etc. Material advisors and taxpayers in listed transactions have to file with the IRS or face fines up to $200,000. Most of the forms that we have reviewed have been filled out wrong, which is almost the same as not filing. Lance Wallach 516 9385007 lawallach@aol.com www.vebaplan.com
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419 plans listed transactions
On www.vebaplan.com under tax professionals more articles can be found.
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