National Offices of Lance Wallach - 516-938-5007

419 Welfare Benefit Plans

Our Specialty

COURT CASE


UNITED STATES TAX COURT OUR COUNTRY HOME ENTERPRISES, INC., ET AL.,

Petitioners v. 1 COMMISSIONER OF INTERNAL REVENUE,


Respondent Docket Nos. 25764-10, 25765-10, Filed July 13, 2015. 11520-11, 11521-11, 12744-11, 12745-11, 12746-11. 


The death benefit that SP agrees to pay as to a participating employee is the face amount of an insurance policy that SP purchases on the employee’s life. The employer effectively pays the premiums on the insurance policy through its payments to SP, and the insurance policy usually has a cash value component that increases annually. SP’s payment of any nondeath benefit as to an employee is generally limited to the cash value of the insurance policy related to that employee. An employer may terminate its participation in SP and cause each of its employees to be fully vested in his or her policy (including its cash value). A participating employee, upon retiring, may take his or her insurance policy in satisfaction of any postretirement death benefit payable as to the employee.

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Featured Services

^ Audit support
​^ Expert witness testimony
^ Plan reviews and evaluations
^ Research and analysis of tax laws
^ 419e and 412i plan rescue (compliance consulting)
^ Guidance for attorneys, CPAs and taxpayers nationwide
^ Determination letters (tax exempt status)
​​​^ Most services can be handled through written and electronic communication

Compliance and reporting

​* Get back all the money you put into the plan in the first place
​* Reduce or eliminate the fines and penalties * Get into compliance so the IRS has no reason to attack you * Sue the agent, promoter, and/or insurance company that got you involved with the plan (some companies have initiatives in place to make a business owner whole)

Expert Witness Services

Solutions and implementation

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​For over 25 years, successful individuals have turned to Lance Wallach and his team of accountants, attorneys and ex-IRS agents, and they are glad they did! 

​Lance Wallach has never lost a case.

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