News from Alumni of the 1970s | Baruch College Alumni Magazine

News from Alumni of the 1970s | Baruch College Alumni Magazine

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Lawyer4Audits.com
All rights reserved.
California Enrolled AgentHow to Get Fined $100,000 by the IRS and Lose Your 
License

By Lance Wallach, CLU, ChFC and Ira Kaplan, Esq., 
CPA, MBA   
Over the past decade, business owners have been 
overwhelmed by a plethora of arrangements designed to 
reduce the cost of providing employee benefits and taxes, 
while simultaneously increasing their own retirement 
savings. The solutions ranged from traditional pension and 
profit sharing plans to more advanced strategies.

Some strategies, such as IRS Section 419 and 412(i) 
plans, used life insurance as vehicles to bring about 
benefits. Unfortunately, the high life insurance commissions 
(often 90% of the contribution, or more) fostered an 
environment that led to the marketing and selling of 
aggressive and noncompliant plans. 
 Read More
New and Bestselling
AICPA CPE Self-Study Courses
Avoiding Circular 230 Malpractice Traps and Common Abusive Small 
Business Hot Spots, by Sid Kess

Author/Moderator: Lance Wallach, CLU, CHFC,

Publisher: AICPA
This course will enable the practitioner to better understand many of the abusive 
insurance and annuity-based products being marketed to your clients and how you 
can alleviate exposure to IRS scrutiny.
 Read More

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