CJA & Associates and 412i, 419, and Other Abusive Plans




For help with CJA & Associates and 412i, 419, and other abusive plans contact Lance Wallach at lawallach@aol.com or call 516-938-5007. Lance Wallach is the leading expert on 412i, 419, Section 79 and Captive Insurance Plans. Lance has helped hundreds of people resolve their problems and get all their money back, usually without a lawsuit. Google Lance Wallach and see why CJA & Associates, insurance companies, and the IRS do not want to fight with Lance Wallach.

71 comments:



  1. 412i IRS audits, listed transactions
    ________________________________________
    April 24, 2012 By Lance Wallach, CLU, CHFC
    ________________________________________

    IRS auditing 412i plans
    Protecting Clients From Fraud, Incompetence, and Scams
    By: Lance Wallach
    Published by John Wiley and Sons, Inc.
    Copyright Ó 2010. All rights reserved.

    Excerpts have been taken from this book about:

    Bruce Hink, who has given me permission to utilize his name and circumstances, is a perfect example of what the IRS is doing to unsuspecting business owners. What follows is a story about Bruce Hink and how the IRS fined him $200,000 a year for being in what they called a “listed transaction”. In addition, I believe that the accountant who signed the tax return and the insurance agent who sold the retirement plan will each be fined $200,000 as material advisors. We have received a large number of calls for help from accountants, business owners, and insurance agents in similar situations. Don’t think this will happen to you. It is happening to a lot of accountants and business owners, because most of these so-called listed, abusive plans, or plans substantially similar to the so-called listed, are currently being sold by most insurance agents.

    Bruce was a small business owne




    Lance Wallach, National Society of Accountants Speaker of the Year and member of the AICPA faculty of teaching professionals, is a frequent speaker on retirement plans, abusive tax shelters, financial, international tax, and estate planning. He writes about 412(i), 419, Section79, FBAR and captive insurance plans. He speaks at more than ten conventions annually, writes for more than 50 publications, is quoted regularly in the press and has been featured on television and radio financial talk shows including NBC, National Public Radio’s “All Things Considered” and others. Lance has written numerous books including “Protecting Clients from Fraud, Incompetence and Scams,” published by John Wiley and Sons, Bisk Education’s “CPA’s Guide to Life Insurance and Federal Estate and Gift Taxation,” as well as the AICPA best-selling books, including “Avoiding Circular 230 Malpractice Traps and Common Abusive Small Business Hot Spots.” He does expert witness testimony and has never lost a case. Contact him at 516.938.5007, wallachinc@gmail.com or visit www.taxadvisorexpert.com.
    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.

    ReplyDelete
    Replies
    1. logorss icon

      BCAM HOME
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      MAY 2013 | CLASS NOTES, SPRING / SUMMER 2013 ISSUE
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      Lance Wallach, co-author of several AICPA books with Sid Kess (’48), has completed his forth CPE book for Bisk CPEasy on business valuations. Wallach writes for over 20 financial publications and speaks frequently at national conventions. He is also an expert witness on abusive tax shelters.

      Delete

  2. wallach for more or www.vebaplan.com to get all your money and fight the IRS.

    ReplyDelete


  3. IRS Audits Focus on Captive Insurance Plans
    April 2011 Edition

    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.

    Insurance agents, financial planners and even acc

    ReplyDelete
  4. Speaker’s Name: Lance Wallach, President
    Full Contact Information: Veba Plan LLC, 68 Keswick Lane, Plainview, NY 11803
    Phone: 516-938-5007 email: lawallach@aol.com Fax: 516 – 938-6330
    Title: IRS attacks accountants and their clients, How to get sued.
    Class Description: IRS has special task forces fining business owners and accountants hundreds of thousands of dollars each for not informing on themselves. If your client is in a retirement, 419, captive, or similar plan with life insurance they may be fined a large amount of money, in addition to losing the deduction. You, may also be fined, and ultimately sued by your client. I have received hundreds of calls on point. If you have business owner clients, you need to know the facts before it is too late. Lance Wallach, Google him, will draw from his best selling CPE books in this lively action packed session that you will never forget.
    Learning objective: one or two hours.
     Why you need to know about the new large fines for accountants and business owners and how to protect everyone involved.
     Why you can be fined $100,000 or more for signing a return that contains a retirement plan as a deduction.
     Why you may be a material advisor, subject to a referral to the office of professional responsibility.
     How to protect your clients from many insurance salespeople selling abusive tax shelters, listed transactions and more.
    Hours for class: 1 hour 2 hours
    Credit: State Federal Tax
    Level of class: Basic
    Biography: Lance Wallach, National Society of Accountants Speaker of the Year and member of the AICPA faculty of teaching professionals. He is a frequent speaker on retirement plans, abusive tax shelters, international tax, financial and estate planning. Lance speaks at more than ten national conventions annually, writes for over fifty publications, is quoted regularly in the press and has been featured on television and radio financial talk shows including NBC, National Public Radio’s All Things Considered, and others. Lance has written numerous books including Protecting Clients from Fraud, Incompetence and Scams published by John Wiley and Sons, Bisk Education’s CPA’s Guide to Life Insurance and Federal Estate and Gift Taxation, as well as the AICPA best-selling books, including Avoiding Circular 230 Malpractice Traps and Common Abusive Small Business Hot Spots and Sid Kess’ Practical Alternatives to Commonly Misused and Abused Small Business Tax Strategies: Insuring Your Client’s Future, Author/Moderator: Lance Wallach, CLU, CHFC, CIMC
    www.lancewallach.com for help with section 79 and other scams

    ReplyDelete
  5. RFC Case Number: 3:2013cv05303
    File Date: Thursday, November 14, 2013
    Plaintiff: Kinsale Insurance Company
    Plaintiff Counsel:
    Defendant: CJA and Associates, Inc., Kent W. Hagan, Maurine Hagan, Hagan & Hagan and Hagan Chiropractic, Inc.
    Cause: 28:1332 Diversity-Injunctive & Declaratory Relief
    Court: California Northern District Court

    www.taxaudit419.com for help

    ReplyDelete
  6. Back to Home Page

    Cited By (3)

    This opinion has been cited by these opinions:
    Finderne Mgmt. Co. v. Barrett, 955 A.2d 940 (N.J. Super. Ct. App. Div. 2008)
    Finderne Management Co. v. Barrett, 809 A.2d 857 (N.J. Super. Ct. App. Div. 2002)
    Steven Cappello v. Robert Iola, Jr., 10-4154 (3rd Cir. 2012)
    Full List of Citations

    Authorities (32)

    This opinion cites:
    21 Employee Benefits Cas. 2222, 97 Cal. Daily Op. Serv. ...
    22 Employee Benefits Cas. 1289, 98 Cal. Daily Op. Serv. ...
    22 Employee Benefits Cas. 1545, Pens. Plan Guide (Cch) P ...
    Airparts Company, Inc., a Kansas Corporation Marta E. Maxwell, Terry ...
    BOARD OF TRUSTEES OF LOCAL 825 v. LBS Const. Co., ...
    Full Table of Authorities

    Share this Opinion


    Finderne Mgmt. Co., Inc. v. Barrett, 809 A.2d 842 (N.J. Super. Ct. App. Div. 2002)
    New Jersey Superior Court

    Date Filed: November 20th, 2002

    ReplyDelete
  7. Back to Home PageRaymond G. Ankner in A-5028-00T5 (Greenbaum, Rowe, Smith, Ravin, Davis & Himmel, attorneys, join in the brief of respondent Monumental Life Insurance and the Barrett respondents).

    Garrett L. Joest III, Atlantic City, appeared for respondent John Rossi, C.P.A. in A-2873-00T2.es used by the Plan, insurance companies who issued the policies, and Plan trustees.[1]

    *848 After being served with the complaints, defendants in both actions removed the lawsuits to federal district court, asserting ERISA preemption. Judge Lifland, in Alloy Cast, and Judge Thompson, in Finderne, remanded the cases to state court finding a lack of federal subject matter jurisdiction. Subsequent to the remands, in September 2000, Barrett moved to dismiss the Finderne complaint. The remaining defendants and third-parties either joined in the motion or individually moved to dismiss the complaints based on the doctrine of express ERISA preemption pursuant to 29 U.S.C.A. § 1144.

    In a written opinion and by order dated December 8, 2000, the court dismissed the complaint against Barrett as being preempted by ERISA. In subsequent orders the judge dismissed the complaints against the remaining defendants and third-parties.

    Prior to the order dismissing their complaint, on November 29, 2000, the Finderne plaintiffs had moved to amend the complaint to include a federal RICO[2] count. The court never addressed the motion; it was returned to plaintiffs' counsel by the court staff on December 12 as a result of the judge's prior order dismissing the underlying case. Plaintiffs' motion for reconsideration was denied.

    On December 20, 2000, the Alloy Cast plaintiffs moved to amend the complaint to add a federal RICO count. Motions for summary judgment were later filed by defendants and third-party defendants. On April 12, 2001, the Union County motion judge granted defendants' and the third-parties' motions for summary judgment, dismissing the complaints. The judge also denied as moot plaintiffs' motion for leave to file an amended complaint.

    Plaintiffs in both actions appealed.[3] In Alloy Cast, the United States Department of Labor was granted leave to appear as amicus curiae.

    II

    In 1984, Congress, concerned that employers were taking deductions for expenses which had not yet been incurred, amended the Internal Revenue Code to limit employers' deductions for contributionst issue is the single employer plan it has sponsored, not the EPIC Plan.

    ReplyDelete
  8. Back to Home Pagehas been stayed by Judge Thompson pending the outcome of this appeal.

    [4] While making the argument that the EPIC Plan is not an ERISA plan, plaintiffs concede that as employers they have established their own ERISA plans. As the Finderne plaintiffs state: "Although the EPIC Plan is clearly not an ERISA plan, it appears that Finderne established its own, single-employer ERISA plan by virtue of arranging to provide benefits to its employees." Alloy Cast similarly concedes that the ERISA plan at issue is the single employer plan it has sponsored, not the EPIC Plan.

    ReplyDelete
  9. CJA Logo null


    CJA & RMC's
    Advanced Planning Seminar
    CJA & Associates and RMC Consultants would like to invite you to join us for our Advanced Planning Seminar on June 28, 2013 in fabulous Atlantic City, New Jersey!

    ReplyDelete
  10. Share This Profile

    This profile was last updated on 10/17/13 and contains information from public web pages and contributions from the ZoomInfo community.
    Is this you? Claim your profile.
    Raymond G. Ankner Wrong Raymond G. Ankner?
    President and Chief Executive Off...

    Phone: (239) ***-**** ext. ***
    Email: r***@***.com

    CJA & Associates Inc
    791 10Th Street South Suite 202
    Naples, Florida 34102
    United States
    Company Description: CJA is a national employee benefits company. We specialize in the design and marketing of innovative insurance products and employee benefit plans for the small

    ReplyDelete
  11. Lance WallachJanuary 23, 2014 at 1:29 PM
    google lance wallach and anyone else who do you trust????????????????????????
    As an expert witness Lance Wallach's side has never lost a case. People need to be careful of 419 Welfare Benefit Plans, 412i plans, Section 79 plans and Captive Insurance Plans. Most of these plans are sold by insurance agents. If you are in an abusive, listed or similar transaction plan you need to file under IRS 6707a. The participant files form 8886, and the salesmen or accountant who signs the tax returns files form 8918 if they got paid over $10,000. They are called Material Advisors and face a minimum $100,000 fine. Some plans are offshore which could involve FBAR or OVDI filings. If you have money overseas you probably need to file for IRS tax amnesty. If you want to reduce the tax we suggest that you first file and then opt out. For more information Google Lance Wallach.

    Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.

    Posted by Lance Wallach at 10:01 AM
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    6 comments:

    Lance WallachJanuary 13, 2014 at 7:25 AM
    CJA and ray ankner help www.vebaplan.com LLC announced that today it filed a class action lawsuit against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL). The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the

    cja and associates get your money back sue hartford or cja and win www.vebaplan.com

    ReplyDelete
  12. CJA and Associates, Inc.
    CJA and Associates, Inc.
    109 likes · 6 talking about this · 7 were here
    Local Business · Add A Category
    791 10th St. South, Suite #202, Naples, Florida 34102
    (239) 298-8210
    Today 9:00 am - 5:00 pm
    About–Suggest an Edit
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    109
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    CJA and Associates, Inc.
    January 30
    Appreciate Your Own Gifts and Talents

    ReplyDelete
  13. cja and associates lawusit
    CJA and Associates, Inc.
    CJA and Associates, Inc.
    109 likes · 6 talking about this · 7 were here
    Local Business · Add A Category
    791 10th St. South, Suite #202, Naples, Florida 34102
    (239) 298-8210
    Today 9:00 am - 5:00 pm
    About–Suggest an Edit
    Photos
    CJA
    Twitter
    YouTube
    Join My List

    Map
    109
    Likes
    3
    Highlights

    CJA and Associates, Inc.
    January 30
    Appreciate Your Own Gifts and Talents

    ReplyDelete
  14. esults found for cja and associates inc in chicago il

    ReplyDelete
  15. [CJA8271600-001]
    CJA and Associates, Inc.
    791 10th St. South, Suite #202, Naples, FL 34102
    p: 239.298.8210 | f: 239.298.8211 | cjamarketing.com
    791 10th St. South, Suite #202 | Naples, FL 34102
    main: 239.298.8210 | toll free: 888.599.5553 | fax: 239.298.8211
    OVERVIEW OF PROCESS TO ESTABLISH A SECTION 79 GROUP-TERM LIFE INSURANCE PROGRAM
    The following is a general overview of the process to establish a Section 79 Group-Term Life Insurance Program. CJA and Associates, Inc. (or “CJA”) will guide you through this process.
    PROGRAM PROPOSAL & PRESENTATION
    In order for CJA to develop a complete and accurate proposal for a group-term life insurance program, the client needs to complete CJA’s Request for Proposal form. This form provides information on the company and its employees that will assist CJA in producing a program proposal and an insurance illustration.
     The client completes the Request for Proposal:
     Company Name, Domicile State, Business Form (C-Corp, S-Corp, etc.), Owner(s), Case Design Parameters, etc.
     Census information for all employees including: Name, Gender, Date of Birth, Date of Hire, Salary and Hours Worked Annually.
     CJA develops a program proposal based upon the parameters provided by the company and provides the Section 79 Presentation, Summary of Benefits, Election Forms and IUL Illustrations.
     The agent reviews the program proposal with the client and advises CJA whether the program is feasible and if any modifications are needed.

    ReplyDelete
  16. Company Details

    412i CJA and associates lawsuits
    412i CJA and associates lawsuits logo
    412i CJA and associates lawsuits Summary
    412i CJA and associates lawsuits received their first complaint on 12/19/2012.
    Information about 412i CJA and associates lawsuits was first submitted to Scambook on Dec 19, 2012. Since then the page has accumulate

    Lance WallachJan 17, 2014

    CJA Logo null


    CJA & RMC's
    Advanced Planning Seminar
    CJA & Associates and RMC Consultants would like to invite you to join us for our Advanced Planning Seminar on June 28, 2013 in fabulous Atlantic City, New Jersey!

    ReplyDelete
  17. CJA Marketing
    Naples FL
    Internet
    United States of America
    Phone:
    Web: Www.cjamarketing.com
    Category: Insurance Agencies
    CJA Marketing CJA and Associates Sold defective retirement plans costing us hundreds of thousands of dollars, Internet
    Print this ReportEmail this Report
    REBUTTAL BOX™ | Respond to this Report!
    Add Rebuttal to this ReportWhat's this? Aribitrate & Set Record Straight
    File New ReportWhat's this? Repair Your ReputationWhat's this?
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    Does your business have a bad reputation?
    Fix it the right way.
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    Beware of this company
    They are in big trouble with IRS and class action law suit pending
    This report was posted on Ripoff Report on 04/24/2013 06:18 PM and is a permanent record located here: http://www.ripoffreport.com/r/CJA-Marketing/internet/CJA-Marketing-CJA-and-Associates-Sold-defective-retirement-plans-costing-us-hundreds-of-th-1045981. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

    ReplyDelete
  18. CJ Associates - BCPat.com‎
    www.bcpat.com/‎
    1 (631) 619 5760
    Assoc Degrees In Criminal Justice. Classes Start Mar 17th. Enroll Now!
    Short Term Programs - Classes Starting Soon
    Search Results
    CJA & Associates and 412i, 419, and Other Abusive Plans

    wewanttoprofileyouinnewbook.blogspot.com/.../cja-associates-a...‎
    by Lance Wallach - in 47 Google+ circles
    Nov 27, 2012 - For help with CJA & Associates and 412i, 419, and other abusive plans contact Lance Wallach at lawallach@aol.com or call 516-938-5007.
    You've visited this page many times. Last visit: 2/4/14
    6707a Listed Transactions: IRS Attacks CJA & CJA and Associates ...
    blog.listedtransactions.com/.../irs-attacks-cja--cja-and-associates-plans.asp...‎
    Oct 13, 2011 - He writes about 412(i), 419, and captive insurance plans. ... by the IRS concerning plans in connection with CJA & CJA and Associates.
    419PLANS.COM: IRS Attacks CJA & CJA and Associates' plans
    419plans.com/2011/10/13/irs-attacks-cja--cja-and-associates-plans.aspx‎
    Oct 13, 2011 - IRS Attacks CJA & CJA and Associates' plans. Our tax resolution offices have been alerted that taxpayers are starting to be contacted by the ...
    [PDF]
    Titanium Plan Q&A - CJA and Associates.
    https://www.cjamarketing.com/Docs/.../CJA/419e/.../Titanium_QA_2010....‎
    tions constitute ordinary and necessary business expenses, however, the amount of the deduction is limited by sections 419 and 419A of the Code. What do ...
    Ryan S. Mitchell | LinkedIn
    www.linkedin.com/in/ryanscottmitchell‎
    Naples, Florida - ‎Vice President & Chief Actuary at CJA & Associates
    Vice President & Chief Actuary at CJA & Associates ... Benefit Plans, 401(k) Defined Contribution Plans, 419A(f)(6) and 419(e) Welfare Benefit Plans, Sec.
    Class Action Filed against CJA and Associates and Fidelity Security ...
    kmjradiolance3.blogspot.com/.../class-action-filed-against-cja-and.html‎
    by Lance Wallach - in 47 Google+ circles
    Jun 1, 2012 - 412i, 419e plans litigation and IRS Audit Experts for abusive ... Class Action Filed against CJA and Associates and Fidelity Security Life ...
    You +1'd this
    Lance Wallach - The Nation's Foremost 419 and 412i plans expert www.taxaudit419.com for help cja ca cja and associates 419 section 79 lawsuits benistar grist mill trust sadi trust IRS raids and audits

    ReplyDelete
  19. CJA and associates 419 412i section 79 scam audits lawsuits

    seniorabuses.blogspot.com/.../cja-and-associates-419-412i-sectio...‎
    by Lance Wallach - in 48 Google+ circles
    Nov 27, 2012 - CJA and associates 419 412i section 79 scam audits lawsuits .... Defendant: CJA and Associates, Inc., Kent W. Hagan, Maurine Hagan, Hagan ...
    You and one other person +1'd this
    Class Action Challenges Propriety of 412(e)(3) Annuities for ERISA ...
    www.sidley.com/Class-Action-Challenges-Propriety-of-412...‎
    Sidley Austin
    Aug 9, 2012 - Plaintiffs also named as a defendant CJA Associates, Inc., a corporation that is a registered agent of FSL, and is alleged to have promoted the ...
    You've visited this page many times. Last visit: 2/3/1

    ReplyDelete
  20. CJA Marketing CJA and Associates Sold defective retirement plans costing us hundreds of thousands of dollars

    Beware Of This Company

    They are in big trouble with IRS and class action law suit pending.

    Posted by Lance Wallach at 12:46 PM 3 comments:
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    Labels: 412i, abusive tax shelters, cja and associate
    Friday, January 11, 2013

    Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA & CJA and Associates’ plans
    Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA & CJA and Associates’ plans: To Read More: http://taxshelteraudits.org/2011/10/14/irs-attacks-cja--cja-and-associates-plans.aspx
    Posted by Lance Wallach at 12:53 PM 7 comments:
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    Labels: 412i, 419, abusive tax shelters, cja and associate
    Liquidation Comes For Lavish Insurer

    January |By Laurie Cohen
    In 1990 Chicago insurance executive Raymond Ankner flew about 100 o

    ReplyDelete
  21. Cases matching "CJA & ASSOCIATES"
    View as search results
    Cases 1 - 7 of 7
    Filed Parties Court Judge Type of Lawsuit Cause of Action
    11/14/2013 Kinsale Insurance Company v. CJA and Associates, Inc. et al CAND Insurance Diversity-Injunctive & Declaratory Relief
    Defendant: Maurine Hagan, Kent W. Hagan, CJA and Associates, Inc.
    Plaintiff: Kinsale Insurance Company
    09/26/2013 Kinsale Insurance Company v. CJA and Associates, Inc. et al ILND Insurance Declaratory Judgement (Insurance)
    Defendant: Kent Hagan Chiropractic, Inc., Hagan & Hagan, Michael K. Kennedy
    Plaintiff: Kinsale Insurance Company
    08/10/2012 Lepito et al v. Thorndike et al CTD Employee Retirement Income Security Act of 1974 E.R.I.S.A.-Employee Benefits
    Defendant: CJA and Associates, Inc. , First Actuarial Corporation , Fidelity Security Life Ins Co
    Plaintiff: John A. Lepito , Janet C. Lepito
    08/01/2012 U.S. Telemanagement, Inc. et al v. Fidelity Security Life Ins Co et al CTD Employee Retirement Income Security Act of 1974 Breach of Fiduciary Duties
    Plaintiff: U.S. Telemanagement, Inc. , Ronald Scheibel , S. Keneston and Associates, Inc.
    Defendant: Fidelity Security Life Ins Co, CJA Associates, Inc., First Actuarial Corporation
    11/02/2010 Steven Cappello v. Robert Iola, Jr. CA3 Employee Retirement false
    Plaintiff - Appellee: NATL SECURITY SYS INC, STEVEN CAPPELLO, UNIVERSAL MAILING SERVICE INC
    Defendant - Appellee: ROBERT L. IOLA, JR., GERARD T. PAPETTI, CIGNA FINANCIAL ADVISORS INC
    Defendant - Appellant: JAMES W. BARRETT
    11/02/2010 Steven Cappello v. Robert Iola, Jr. CA3 Employee Retirement false
    Defendant - Appellee: ROBERT L. IOLA, JR., JAMES W. BARRETT, GERARD T. PAPETTI
    Plaintiff - Appellant: UNIVERSAL MAILING SERVICE INC
    Plaintiff - Appellee: NATL SECURITY SYS INC, STEVEN CAPPELLO
    12/29/2000 NATIONAL SECURITY, et al v. IOLA, et al NJD Labor: E.R.I.S.A. E.R.I.S.A.: Employee Retirement
    Plaintiff: NATIONAL SECURITY SYSTEMS, INC. , STEVEN CAPPELLO , UNIVERSAL MAILING SERVICE, INC.
    Defendant: JAMES W. BARRETT , GERARD T. PAPETTI , U.S. FINANCIAL SERVICES CORPORATION
    Cross_claimant: JAMES W. BARRETT , STEVEN G. SHAPIRO , RIGGS NATIONAL BANK
    Counter_claimant: RIGGS NATIONAL BANK , NATIONSBANK TEXAS TRUST
    Thirdparty_plaintiff: JAMES W. BARRETT
    Thirdparty_defendant: HERDER-TARRICONE INSURANCE , FULBRIGHT AND JAWORSKI, ESQS.
    Movant: JONATHAN LEE RICHES
    The Justia Federal District Court Filings & Dockets site republishes public litigation records retrieved from the US Federal District Courts. These filings and docket sheets should not be considered findings of fact or liability, and do not necessarily reflect the view of Justia.

    ReplyDelete
  22. USE THIS TO SUE THEM


    O V E R V I E W O F P R O C E S S T O E S T A B L I S H A
    S E C T I O N 7 9 G R O U P -T E R M L I F E
    I N S U R A N C E P R O G R A M
    The following is a general overview of the process to establish a Section 79 Group-Term Life Insurance Program. CJA
    and Associates, Inc. (or “CJA”) will guide you through this process.
    PROGRAM PROPOSAL & PRESENTATION
    In order for CJA to develop a complete and accurate proposal for a group-term life insurance program, the
    client needs to complete CJA’s Request for Proposal form. This form provides information on the company
    and its employees that will assist CJA in producing a program proposal and an insurance illustration.
     The client completes the Request for Proposal:
     Company Name, Domicile State, Business Form (C-Corp, S-Corp, etc.), Owner(s), Case
    Design Parameters, etc.
     Census information for all employees including: Name, Gender, Date of Birth, Date of
    Hire, Salary and Hours Worked Annually.
     CJA develops a program proposal based upon the parameters provided by the company and
    provides the Section 79 Presentation, Summary of Benefits, Election Forms and IUL Illustrations.
     The agent reviews the program proposal with the client and advises CJA whether the program is
    feasible and if any modifications are needed.
    ADMINISTRATION DOCUMENTATION
    CJA w

    ReplyDelete
  23. CJA and associates 419 plan lawsuits IRS audits Reviews | Scambook
    www.scambook.com/.../CJA-and-associates-419-plan-lawsuits-IRS-audits‎
    Information about CJA and associates 419 plan lawsuits IRS audits was first submitted to Scambook on Dec 06, 2012. Since then the page has accumulated 0 ...
    CJA and Associates - WFG-On
    www.wfg-online.com/nonssl/buscenter/.../wizard/.../CJAandAssociate.ht...‎
    Welfare Benefit Plans – Section 419. Qualified Plans – Section 412 (i) Defined Benefit Plans. CJA & Associates is a national actuarial consulting and marketing .

    ReplyDelete
  24. Reportable Transactions & 419 Plans Litigation
    412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.

    Tuesday, November 27, 2012
    CJA and associates 419 412i section 79 scam audits lawsuits
    CJA and associates 419 412i section 79 scam audits lawsuits
    Posted by Lance Wallach at 10:00 AM
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    Labels: 412i, 419, audits, Lance Wallach, lance wallach expert witness, section79
    39 comments:

    Lance WallachJune 20, 2013 at 9:41 AM
    google lance wallach for more

    ReplyDelete
    Replies

    Lance WallachJanuary 22, 2014 at 10:46 AM
    google lance wallach and whoever you are working with, who do you think is better?
    as an expert lance wallach has never lost a case www.lancewallach.com
    419 412i plans IRS audits lawsuits
    Lance Wallach
    director at taxaudit419.com

    ReplyDelete
  25. Class Action Filed against CJA and Associates and Fidelity Security
    kmjradiolance3.blogspot.com/.../class-action-filed-against-cja-and.html‎
    Jun 1, 2012 - Hartford, CT: A consumer fraud class action lawsuit has been filed against Chicago-based CJA and Associates and Kansas City, ...
    Lance Wallach +1'd this
    [PDF]
    Plaintiffs' First Amended Complaint omits a Count Three. 1 IN THE ...
    https://www.paed.uscourts.gov/.../05D1211P....‎
    United States District Cou...
    Sep 27, 2005 - when [she] came across CJA and Associates as a provider” of

    ReplyDelete
  26. CJA and Associates Inc. Company Directory of Business Contacts

    CJA and Associates Inc. is a company in the Financial Services industry. Its headquarters is based in Naples, FL. You can access CJA and Associates Inc. business contacts, all contacts come with name, title, email and phone number.

    ReplyDelete
  27. Life Insurance Policies

    Life Insurance Policies
    Insurance Litigation News
    Contact Us
    Life insurance claims are not so much a matter of if but of when. When a person buys a life insurance policy that guarantees, upon their death, payment to a designated beneficiary, they expect the insurance company to live up to their obligation upon death. This expectation is especially important for wage earners in a household who realize the financial hardship and potential devastation that could occur to their family when they die. There is a particular “peace of mind” that comes with the purchase of a life insurance policy and the knowledge that one’s dependents will be taken care of upon the policyholder’s death. Unfortunately, insurance companies all too frequently fail to properly live up to their obligations regarding life insurance policies.

    Life Insurance Bad Faith

    Bad faith conduct by an insurance company on a claim for life insurance benefits is particularly devastating for the very same reason that the life insurance policy was purchased in the first place. In the greatest time of need when a family or beneficiary is dealing with the emotional void left by a loved one (who is likely to have been their financial support), the insurance company’s bad faith actions can destroy a family financially and otherwise.

    It is not at all uncommon to see an insurance company commit bad faith in processing and handling claims for benefits under a life insurance policy. The attorneys at Heygood, Orr & Pearson have represented policy holders in lawsuits where insurance companies denied paying benefits that were clearly owed under life insurance policies. This is often seen by an insurance company claiming that the cause of death of an insured was not covered by the insurance policy or claiming that the policyholder was untruthful in the application process for the insurance policy. These reasons for denial of insurance benefits are often inaccurate and occasionally intentionally and fraudulently provided to the policyholder in hopes that the policyholder will simply accept the denial and not

    go though the appeals process for a denied claim and/or
    have the denial reviewed by an attorney who understands the obligations placed upon insurance companies when processing claims for life insurance benefits
    - See more at: http://www.hop-law.com/life-insurance-policies/#sthash.LmFjZz3n.dpuf

    ReplyDelete
  28. Review: CJA Marketing
    Ben Smith Sac County Iowa Attorney
    Ripoff Reports
    Walmart Money Card Gr

    ReplyDelete
  29. Raymond Ankner -Expected to be the biggest life insurance failure in Illinois
    Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA & CJA and Associates’ plans, 412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.Benistar,412i Lawsuits,419 lawsuits,412i Help,419 Help, IRS Audits,412i Problems,412i problems, Expert Witness Lance Wallach,412i Help,419 Help, Benistar Lawsuits, 412i lawsuits,419 lawsuits,

    ReplyDelete
  30. Help with Common IRS Problems: Reportable Transactions & 419 ...
    irstaxprobs.blogspot.com/2014/.../reportable-transactions-419-plans_7.ht...‎
    Feb 7, 2014 - Reportable Transactions & 419 Plans Litigation: CJA and associates 419 412i section 79 scam audits...: CJA and associates 419 412i section ...
    Lance Wallach +1'd this
    CJA and Associates

    ReplyDelete
  31. Lance Wallach - Google+

    https://plus.google.com/103938929810143210738‎
    by Lance Wallach - in 49 Google+ circles
    Lance Wallach - Finance and insurance expert with special concentration in 419e, 412i, captive insurance, IRC 6707A, listed and reportable transactions, ...
    Lance Wallach - Google+

    https://plus.google.com/116639198522015365836‎
    by Lance Wallach - in 63 Google+ circles
    TAXPRO MONTHLY National Association of Tax Professionals July 2007. Maximize the Potential of Your Business Clients By Lance Wallach, CLU, CHFC, and ...
    Images for lancewallach - Report images





    Lance Wallach - Plainview, NY | Yelp
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    Yelp, Inc.
    Lance Wallach Plainview reviews by real people. Yelp is a fun and easy way to find, recommend and talk about what's great and not so great in Plainview and ...

    ReplyDelete
  32. Lance Wallach - Google+

    https://plus.google.com/103938929810143210738‎
    by Lance Wallach - in 49 Google+ circles
    Lance Wallach - Finance and insurance expert with special concentration in 419e, 412i, captive insurance, IRC 6707A, listed and reportable transactions, ...
    Lance Wallach - Google+

    https://plus.google.com/116639198522015365836‎
    by Lance Wallach - in 63 Google+ circles
    TAXPRO MONTHLY National Association of Tax Professionals July 2007. Maximize the Potential of Your Business Clients By Lance Wallach, CLU, CHFC, and ...
    Images for lancewallach - Report images





    Lance Wallach - Plainview, NY | Yelp
    www.yelp.com › ... › Lawyers › General Litigation‎
    Yelp, Inc.
    Lance Wallach Plainview reviews by real people. Yelp is a fun and easy way to find, recommend and talk about what's great and not so great in Plainview and ...

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  33. as an expert witness lance wallach has never lost a case

    Our Story

    For nearly forty years, First Actuarial Corporation has specialized in helping small to medium sized companies provide attractive benefit programs for their employees. Along with our affiliated partner, CJA and Associates, we offer the entire spectrum of retirement plan services, including need analysis, plan design, and administration. Together we work with clients and advisors to develop the most efficient retirement program to meet these particular goals. We offer a national organization of actuaries, benefit plan administrators, consultants, and advisors who are have specialized in retirement planning for small business owners. Our clients trust us to install customized, efficient and affordable benefit plans. We handle the time consuming plan administration, allowing our clients to focus on their goals.

    Our areas of specialization include:
    Retirement Plans
    Employee Communications
    Asset Services
    Health and Welfare Plans
    Executive Compensation

    ReplyDelete
  34. IRS tax relief firm, Lance Wallach, speaking
    Monday, March 10, 2014

    Help with Common IRS Problems: welfare benefit plan 419 lawsuit audit www.vebapla...
    Help with Common IRS Problems: welfare benefit plan 419 lawsuit audit www.vebapla...: welfare benefit plan 419 lawsuit audit www.vebaplan.com for help 412i (ny) - PandaHi IRS audits section 79 419 412i plans. www.lancewall...

    ReplyDelete
  35. Lance Wallach | WhitePages
    www.whitepages.com/name/Lance-Wallach‎
    WhitePages
    There are 4 people in the US/Canada named Lance Wallach. Get contact info including address and phone. Find and connect with Lance Wallach at ...
    Lance Wallach (googlelancewall) on Pinterest
    www.pinterest.com/googlelancewall/‎
    Lance Wallach is using Pinterest, an online pinboard to collect and share what inspires you.
    Lance Wallach Business Valuations on Vimeo
    vimeo.com/41571118‎
    Vimeo
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    Lance Wallach - Professional Carwashing and Detailing
    www.carwash.com › Authors‎
    Professional Carwashing & Detailing - Lance Wallach.
    You visited this page on 3/6/14.

    ReplyDelete
  36. 2 Lance Wallach Complaints and reviews from real people ...
    www.pissedconsumer.com/reviews-by-company/lance-wallach.html‎
    2 Complaints and reviews about Lance Wallach. Lance Wallach took a $10000. retainer then refused to do any work .... Had tax problems Lance Wallach fixed.
    You've visited this page many times. Last visit: 3/11/14
    Lance Wallach | LinkedIn
    www.linkedin.com/in/lancewallach‎
    Greater New York City Area - ‎director at taxaudit419.com
    View Lance Wallach's professional profile on LinkedIn. LinkedIn is the world's largest business network, helping professionals like Lance Wallach discover ...
    You've visited this page 3 times. Last visit: 9/29/13
    CJA & Associates and 412i, 419, and Other Abusive Plans

    wewanttoprofileyouinnewbook.blogspot.com/.../cja-associates-a...‎
    by Lance Wallach - in 55 Google+ circles
    Nov 27, 2012 - Lance Wallach is the leading expert on 412i, 419, Section 79 and Captive Insurance Plans. Lance has helped hundreds of people resolve their ...
    You've visited this page many times. Last visit: 3/11/14

    ReplyDelete
  37. Raymond Ankner -Expected to be the biggest life insurance failure in Illinois
    Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA & CJA and Associates’ plans, 412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.Benistar,412i Lawsuits,419 lawsuits,412i Help,419 Help, IRS Audits,412i Problems,412i problems, Expert Witness Lance Wallach,412i Help,419 Help, Benistar Lawsuits, 412i lawsuits,419 lawsuits,

    Friday, January 11, 2013

    Liquidation Comes For Lavish Insurer

    January |By Laurie Cohen
    In 1990 Chicago insurance executive Raymond Ankner flew about 100 of his top agents to Germany to celebrate Oktoberfest in Cologne. The cost of the trip was $800,000, billed to Ankner`s businesses.
    But insurance regulators were already beginning to question expenses at his main insurance unit, InterAmerican Insurance Co. of Illinois. When the Illinois Insurance Department obtained a court order last month to liquidate the company, court papers showed a balance sheet crowded with overvalued real estate and questionable intercompany transactions and reinsurance arrangements.
    The collapse of InterAmerican is expected to be the biggest life insurance failure in Illinois history, with a gap of more than $30 million between assets and liabilities. It has placed in the hands of state regulators the largest real estate and mortgage
    Portfolio.

    ever managed by the department. InterAmerican`s $33 million portfolio of mortgages and real estate covers several investments on Chicago`s Near West Side, including a loan on its headquarters at 901 W. Jackson Blvd. There also are more far-flung holdings, such as loans to donut shops in Michigan and a bed-and-breakfast in Vermont. Nearly half the $20.5 million in mortgage loans are behind on payments, according to department officials.
    Regulators are still investigating the possibility that company funds were improperly used. No charges have been filed, and Ankner denies any suggestion of wrongdoing.
    A report by an independent accountant hired by the Insurance Department highlights several questionable charges, such as a $53,681 check to Neiman-Marcus Co. for catering a 1989 Christmas party at Ankner`s apartment here, the company`s payment of most of his $5,200 monthly rent and even a portion of the salaries of Ankner`s gardener and housekeeper in Vermont.



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

    ReplyDelete
  38. Lance Wallach - The Nation's Foremost 419 and 412i plans expert
    www.lancewallach.com/‎
    Lance Wallach is the nation's foremost expert on 419 plans,412i plans,listed transactions,reportable transactions,Section 79 plans, captive insurance plans, ...
    You shared this on Google+
    Lance Wallach | LinkedIn
    www.linkedin.com/in/lancewallach‎
    Greater New York City Area - ‎director at taxaudit419.com
    View Lance Wallach's professional profile on LinkedIn. LinkedIn is the world's largest business network, helping professionals like Lance Wallach discover ...
    Lance Wallach shared this on Google+
    Lance Wallach (LanceWallach) on Twitter
    https://twitter.com/LanceWallach‎
    The latest from Lance Wallach (@LanceWallach). Defending businesses & financial professionals from IRS audits, insurance & brokerage firms. 419 & 412 Plan ...
    Lance Wallach shared this on Google+

    ReplyDelete
  39. Complaint Review: CJA Marketing
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    ReplyDelete
  40. 412i 419E IRS Audits and Problems
    412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.
    Tuesday, November 27, 2012

    CJA & Associates and 412i, 419, and Other Abusive Plans



    For help with CJA & Associates and 412i, 419, and other abusive plans contact Lance Wallach at lawallach@aol.com or call 516-938-5007. Lance Wallach is the leading expert on 412i, 419, Section 79 and Captive Insurance Plans. Lance has helped hundreds of people resolve their problems and get all their money back, usually without a lawsuit. Google Lance Wallach and see why CJA & Associates, insurance companies, and the IRS do not want to fight with Lance Wallach.
    Posted by Lance Wallach at 11:59 AM
    Labels: 412i Benefit Plan, abusive tax shelters, CJA and Associates, IRS Audits, Listed Transactions, section 79
    39 comments:

    Lance WallachJuly 31, 2013 at 8:22 AM


    412i IRS audits, listed transactions
    ________________________________________
    April 24, 2012 By Lance Wallach, CLU, CHFC
    ________________________________________

    IRS auditing 412i plans
    Protecting Clients From Fraud, Incompetence, and Scams
    By: Lance Wallach

    ReplyDelete
  41. Complaint Review: CJA Marketing
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  42. Raymond Ankner -Expected to be the biggest life insurance failure in Illinois
    Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA & CJA and Associates’ plans, 412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.Benistar,412i Lawsuits,419 lawsuits,412i Help,419 Help, IRS Audits,412i Problems,412i problems, Expert Witness Lance Wallach,412i Help,419 Help, Benistar Lawsuits, 412i lawsuits,419 lawsuits,

    Friday, April 4, 2014

    Captive Insurance & 419 Plans Litigation: September 2013
    Captive Insurance & 419 Plans Litigation: September 2013
    Posted by Lance Wallach at 11:02 AM
    Email This
    BlogThis!
    Share to Twitter
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    8 comments:

    Lance WallachApril 8, 2014 at 8:22 AM
    412i-419 Plans
    419 & 412i benefit plan,abusive tax shelters, Lance Wallach Expert Witness

    Friday, March 28, 2014
    IRS tax relief firm, Lance Wallach, speaking: IRS tax relief firm, Lance Wallach, speaking: Help...
    IRS tax relief firm, Lance Wallach, speaking: IRS tax relief firm, Lance Wallach, speaking: Help...: IRS tax relief firm, Lance Wallach, speaking: Help with Common IRS Problems: welfare benefit pla... : Help with Common IRS Problems: welfare...

    ReplyDelete

    Lance WallachApril 11, 2014 at 3:58 AM
    CJA and associates 419 412i section 79 scam audits lawsuits
    seniorabuses.blogspot.com/.../cja-and-associates-419-412i-section-79.ht...‎
    by Lance Wallach - in 61 Google+ circles
    Nov 27, 2012 - CJA and associates 419 412i section 79 scam audits lawsuits .... Defendant: CJA and Associates, Inc., Kent W. Hagan, Maurine Hagan, Hagan ...
    You've visited this page many times. Last visit: 3/23/14
    CJA & Associates and 412i, 419, and Oth

    ReplyDelete
  43. "stranger-originated life insurance" or "STOLI"-- in which a life insurance policy is originated primarily or solely for the purpose of resale. They chronicle how the clash of the insurable interest requirement and the evolving secondary life insurance market have led to the rise of STOLI lawsuits. They also analyze the myriad of legal issues that STOLI and stranger-originated annuity transactions raise. The authors write:

    IV. THE RISE OF STOLI LAWSUITS

    ReplyDelete
  44. UNITED STATES COURT OF APPEALS
    FOR THE THIRD CIRCUIT
    ___________
    Nos. 04-3408, 05-1329, 05-1503, 05-1504
    ___________
    Case No. 04-3408
    KAREN CETEL; MORTON SCHNEIDER;
    MARVIN CETEL; MARVIN CETEL, M.D., P.A.;
    BARBARA SCHNEIDER;
    BARBARA SCHNEIDER, M.D., F.A.C.S., P.A.
    v.
    KIRWAN FINANCIAL GROUP, INC.; BARRY COHEN;
    MICHAEL KIRWAN; NEIL PRUPIS; LAMPF, LIPKIND,
    PRUPIS, PETIGROW & LaBUE;
    RAYMOND G. ANKNER;
    CJA ASSOCIATES; BEAVEN COMPANIES, INC.;
    MEDICAL SOCIETY OF NEW JERSEY;
    INTER-AMERICAN INSURANCE CO. OF ILLINOIS;
    COMMONWEALTH LIFE INSURANCE CO.;
    PEOPLES SECURITY LIFE INSURANCE CO.;
    MONUMENTAL LIFE INSURANCE CO.;
    CAPITAL HOLDING COMPANY;
    AEGON INSURANCE GROUP;
    INDIANAPOLIS LIFE INSURANCE CO.
    (District of New Jersey Civil No. 00-cv-5799)

    ReplyDelete

  45. CJA And Associates Complaints and reviews

    CJA And Associates reviews, CJA And Associates complaints, read CJA And Associates reviews, find CJA And Associates reviews, CJA And Associates scam reports
    Incorrect company
    description?
    Suggest changes
    Industry: Financial Scams and Schemes
    CJA And Associates is an Experienced National Employee Benefits Company. CJA specializes in the design and marketing of innovative insurance products and employee benefit plans for the small business and estate planning markets. CJA And Associates has been working with insurance companies for over… Show more

    (no reviews for the last 30 days)
    2 complaints
    $0 claimed losses
    $0 average
    331 since Oct 24, 2012
    Please try to contact CJA And Associates Customer Service directly prior to posting any complaints on this site.

    Had an experience with CJA And Associate

    ReplyDelete
  46. 412(i) PLANS: WHY SO POPULAR?

    WHAT IS A 412(i) PLAN?
    A 412(i) plan is a form of defined benefit pension plan. It’s an employer-sponsored retirement plan that promises an employee that, upon retirement, he or she will receive a specific benefit amount annually (or more frequently) based on a formula that considers compensation, years of service, or both.

    A 412(i) plan (a/k/a a fully insured plan) is a form of defined benefit pension plan funded exclusively by life insurance or annuity contracts.

    These fully insured plans receive special treatment under Internal Revenue Code Section 412(i) – which is why they are called “412(i) plans.”

    WHY ARE DEFINED BENEFIT PENSION PLANS BECOMING SO POPULAR?
    Here are some of the many reasons why 412(i) plans may be of interest to you – or to someone you know:

    First, tax law reflects real life. There’s a pendulum which swings back and forth in synchronization with the economy and stock market. It is currently swinging away from the all-out optimistic “go-go” or “everyone’s getting rich and you can’t lose on stocks” mind set, and toward a more conservative thinking that emphasizes certainty and guarantees. What people want most of all right now is not a return on their investments as much as a return of their investments. 412(i) plans provide that security, since, by design and definition, they are fully insured. Risks are shifted from employers to state licensed and well financed insurers.

    Second, aging baby-boomer business owners are finding that 412(i) plans favor them as older and long-service employees.

    Third, a 412(i) plan allows significantly greater contribution levels than a normal defined benefit plan.

    Fourth, 412(i) plans minimize risks. Because a third party, the insurer, guarantees all benefits, assuming premiums are paid when due, the employer’s investment risks are minimized.

    Fifth, these plans are generally easier and less expensive to administer than many other types of retirement plans. Administration costs can be significantly lower in a 412(i) plan because there are no direct actuarial fees and many IRS rules that other retirement plans must meet.

    Sixth, it is relatively easy to calculate and explain th

    ReplyDelete
  47. Reportable Transactions & 419 Plans Litigation
    412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.

    Monday, January 17, 2011
    Senior Abuses
    Bestselling AICPA CPE Self-Study Courses– March 2008

    Avoiding Circular 230 Malpractice Traps and Common Abusive Small Business Hot Spots, by Sid Kess

    Author/Moderator: Lance Wallach, CLU, CHFC

    Publisher: AICPA

    Excerpts have been taken from this book about:

    Senior Abuses


    The following example is unfortunately not an isolated incident of an abusive sales practice. If accountants were consulted more often by their clients, maybe the following would never happen.

    Senior citizen clients thought they had every reason to trust Mr. Sell BigPolicy as a financial counselor. The insurance agent had obtained a designation recognizing him as WE DO NOT WANT TO MENTION THE NAME Senior Advisor. He obtained this designation in 2002, a credential he made sure to advertise on fliers sent to retirees.

    He did not mention how easy it had been to get that title.

    He had paid $1,095 for a correspondence course, then took a multiple-choice exam with questions like, “Marketing can best be described as:” (The answer: “The process or technique of promoting the sale or distribution of a product or service.”) Like more than 18,700 other applicants since 1997, he passed.

    Insurance companies, eager for sales representatives, embraced Mr. Sell Bigpolicy, as they have thousands of other newly credentialed advisors.

    ReplyDelete
  48. Lawyers, Law Firms, Legal InformationFind a Lawyer

    Conversation with IRS Attorney on Welfare Benefit Trusts
    I have meet and had many discussions with the IRS about abusive 419 and 412i plans. I discussed with xxxxxx, an IRS attorney that helped draft the listed transaction #33 on the IRS website, on what exactly the IRS considers an abusive Welfare Benefit Plan. She stated that, once you take out the fact that the trust cannot be offering a collective bargaining element which is covered by another IRS code, there were three elements they look for:

    1. There has to be a Trust that claims to be providing welfare benefits
    2. There is either a cash value policy involved that offers accumulation or a policy in which money is set aside for a future policy in which accumulation occurs, such as a term policy that can then offer a higher accumulated value.
    3. The plan cannot deduct in any year more than the benefit provided. For example if the plan just provides a death benefit, the most that can be deducted in a year is only the term cost of that benefit, not the entire premium. If the plan offers medical benefits, then only the cost (what was paid out to the employee) for that benefit can be deducted in that year.

    I found it interesting that the IRS is pursuing this broader definition as an abusive plan. xxxxx explained that in the case of a discovered abusive Welfare Benefit Plan, the IRS would disallow the deductions, assert income back to the owner as a distribution of profits, and assess penalties. The courts are clear that you cannot get out of penalties by claiming you are relying on the person that sold you the Welfare Benefit Plan.

    What if you currently have a Welfare Benefit Trust for your Practice?
    Realizing that someone you trusted has financially devastated you, carelessly misguided you and sold you a bogus tax program in order to pay cash for his new 7 series BMW can be a difficult and rude awakening. After accepting the fact that your Welfare Benefit Plan you have for your practice meets the basic criteria as mentioned in this article as an abusive transaction, I would recommend that you consult an attorney that specializes in pursuing promoters of abusive Welfare Benefit Plans and discuss your options.

    You must be proactive. You may be advised to file an IRS form 8886, which is a disclosure form related to prohibited tax shelter transactions. The penalties for failure to file a form 8886 can be stiff. Of course, filing this form will open the Pandora’s Box on your Welfare Benefit Trust to the IRS. Many of these 8886 filings are done incorrectly. An incorrectly filed IRS form is an unfiled IRS form, so please consult a CPA who is experienced in this area. Your attorney that has expertise with Welfare Benefit Trusts will be able to guide you with this. Regarding recourse, most all cases are settled out of court, as the insurance company, the agent, and the agency prefer to avoid the publicity.

    AUTHOR: Dathonie Pinto

    Copyright Lance Wallach, CLU, CHFC
    More information about Lance Wallach, CLU, CHFC

    Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author

    ReplyDelete
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    Submitted: Wed, April 24, 2013 Updated: Wed, April 24, 2013
    Reported By: Steve — Greenville South Carolina
    CJA Marketing
    Naples FL
    Internet
    United States of America
    Phone:
    Web: Www.cjamarketing.com
    Category: Insurance Agencies
    CJA Marketing CJA and Associates Sold defective retirement plans costing us hundreds of thousands of dollars, Internet

    ReplyDelete


  50. Lance Wallach Expert Witness


    Late Breaking News:
    IRS Audits Focus on Captive Insurance Plans

    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.

    Contact Information
    Email :
    Lanwalla@aol.com
    Phone :
    516-938-5007
    Address :
    Lance Wallach and Ira Kaplan, ESQ

    ReplyDelete
  51. Veba Health Care

    SUNDAY, DECEMBER 1, 2013
    IRS to Audit Sea Nine VEBA Participating Employers. Lance Wallach, expert witness.
    The IRS may be auditing many more participating employers in the coming months.

    In recent months, I have received phone calls from participants in the Sea Nine VEBA and have learned that the IRS may be auditing many more participating employers in the coming months. To better assist current Sea Nine clients and those that are now or may be under audit in the future, my associates who are CPAs, tax attys and former IRS employees will continue to help with the Sea Nine VEBA victims and others in 419 412i captive insurance and section 79 scams and answer the following:

    • What is the IRS’s position with respect to the Sea Nine VEBA,419 captive insurance and section 79 scams?

    • What will be the likely result of my audit?

    • What if I don't agree with my audit results?

    • What are other participants doing with respect to the audits?

    • Will the IRS impose interest and penalties?

    • What is a “listed transaction” ?

    • What is Form 8886, and what are the penalties for failing to file Form 8886?

    • Will I be responsible even if I relied on my tax advisor?

    • What recourse do I have against those that promoted and sold the Sea Nine VEBA?

    As an expert witness Lance Wallach's side has never lost a case. People need to be careful of 419 Welfare Benefit Plans, 412i plans, Section 79 plans and Captive Insurance Plans. Most of these plans are sold by insurance agents. If you are in an abusive, listed or similar transaction plan you need to file under IRS 6707a. The participant files form 8886, and the salesmen or accountant who signs the tax returns files form 8918 if they got paid over $10,000. They are called Material Advisors and face a minimum $100,000 fine. Some plans are offshore which could involve FBAR or OVDI filings. If you have money overseas you probably need to file for IRS tax amnesty. If you want to reduce the tax we suggest that you first file and then opt out. For more information Google Lance Wallach.

    Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.

    ReplyDelete
  52. Probs IRS
    412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS - Lance Wallach

    IRS Audits 419, 412i, Captive Insurance Plans With Life Insurance, and Section 79 Scams
    IRS Audits 419, 412i, Captive Insurance Plans With Life Insurance, and Section 79 Scams
    Posted by Lance Wallach at 9/23/2014 10:59:00 AM
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    Labels: 412i, 412i Plan, 419, 419 Plans, Captive Insurance, IRS Audits, Lance Wallach, Lance Wallach Expert Witness, Life Insurance, scam, Section 79

    ReplyDelete
  53. Probs IRS
    412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS - Lance Wallach

    IRS Audits 419, 412i, Captive Insurance Plans With Life Insurance, and Section 79 Scams
    IRS Audits 419, 412i, Captive Insurance Plans With Life Insurance, and Section 79 Scams
    Posted by Lance Wallach at 9/23/2014 10:59:00 AM
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    Labels: 412i, 412i Plan, 419, 419 Plans, Captive Insurance, IRS Audits, Lance Wallach, Lance Wallach Expert Witness, Life Insurance, scam, Section 79

    ReplyDelete
  54. The Inter-American Insurance Co. of Illinois (Inter-
    American) specializes in providing to small, closely held
    corporations products such as qualified pension and profit
    sharing plans and group life insurance plans. When Inter-
    16 -
    American was formed in the late 1970’s, it was owned indirectly
    by Beaven/Inter-American Cos., Inc. (Beaven/Inter-American), the
    wholly owned company of Raymond G. Ankner (Mr. Ankner), who has
    worked in the insurance industry for more than 30 years. Inter-
    American liquidated on December 23, 1991, pursuant to a court
    order to do so, and Beaven/Inter-American changed its name to
    Beaven Cos., Inc. Mr. Ankner currently markets the life
    insurance products described herein through a company of his
    called CJA & Associates.

    ReplyDelete
  55. The Inter-American Insurance Co. of Illinois (Inter-
    American) specializes in providing to small, closely held
    corporations products such as qualified pension and profit
    sharing plans and group life insurance plans. When Inter-
    16 -
    American was formed in the late 1970’s, it was owned indirectly
    by Beaven/Inter-American Cos., Inc. (Beaven/Inter-American), the
    wholly owned company of Raymond G. Ankner (Mr. Ankner), who has
    worked in the insurance industry for more than 30 years. Inter-
    American liquidated on December 23, 1991, pursuant to a court
    order to do so, and Beaven/Inter-American changed its name to
    Beaven Cos., Inc. Mr. Ankner currently markets the life
    insurance products described herein through a company of his
    called CJA & Associates.

    ReplyDelete
  56. Dear Mr. Wallach,
    Great Article & Expose On CJA Marketing. I Never Had Dealings With Them. I Did Meet The Ankners A Couple Of Times. They Reminded Me Of "Huckster Car Dealers From NJ". They Had Owned An On Line Bristol Trading Company Ebay Type Of Company. As An Appraiser & Estate Specialist They Tried To "Freeload" Information From Me Under The Premise They Had A Vast Amount Of Estates That Required Appraisal Services. I Never Saw Anything During The 4 Years I Knew Them. I Sent Them Countless Referrals. That Lasted Maybe 6 Years. I Found Them To Be Less Than Honorable. On The QT I Understand Jean. & Ray Ankner Are Divorcing. What Goes Around Comes Around. God Speed On The Great Work You Are Doing. The Company Is Naples Based Now. They Had A Bristol Properties (Real Estate Company) That Closed In Boca In A Matter Of A Few Short Years. Words Of The Wise " Go With Your Gut Feeling"
    Best & Kind Regards,
    Patricia L. Whiteside

    ReplyDelete
  57. Dear Mr. Wallach,
    Great Article & Expose On CJA Marketing. I Never Had Dealings With Them. I Did Meet The Ankners A Couple Of Times. They Reminded Me Of "Huckster Car Dealers From NJ". They Had Owned An On Line Bristol Trading Company Ebay Type Of Company. As An Appraiser & Estate Specialist They Tried To "Freeload" Information From Me Under The Premise They Had A Vast Amount Of Estates That Required Appraisal Services. I Never Saw Anything During The 4 Years I Knew Them. I Sent Them Countless Referrals. That Lasted Maybe 6 Years. I Found Them To Be Less Than Honorable. On The QT I Understand Jean. & Ray Ankner Are Divorcing. What Goes Around Comes Around. God Speed On The Great Work You Are Doing. The Company Is Naples Based Now. They Had A Bristol Properties (Real Estate Company) That Closed In Boca In A Matter Of A Few Short Years. Words Of The Wise " Go With Your Gut Feeling"
    Best & Kind Regards,
    Patricia L. Whiteside

    ReplyDelete
  58. Class Action Challenges Propriety of 412(e)(3) Annuities for ERISA Defined Benefit Plans

    Insurance Class Action Defense and ERISA Litigation

    On August 1, 2012, a putative class action lawsuit was filed in the District of Connecticut challenging the propriety of certain insurance contracts used to fund defined benefit plans described in section 412(e)(3) of the Internal Revenue Code. U.S. Telemanagement, Inc. v. Fidelity Security Life Insurance Co. et al., No. 3:12-cv-1110 JBA (D. Conn.). Because we perceive that the complaint is attacking the appropriateness of the product, as well as the specifics of the product that the named defendant sold, it is a lawsuit that potentially could have industry-wide implications. In addition, as plaintiffs in some of the ERISA revenue-sharing lawsuits have attempted to do, the complaint alleges that the insurance company that sold the annuities acted as an ERISA fiduciary of the plans. This lawsuit thus extends the attack on insurance companies, as seen in the revenue-sharing class actions, that attempts to convert service providers into fiduciaries.
    412(e)(3) Plans and Annuities
    A 412(e)(3) plan is a tax-qualified, defined benefit pension plan that is funded with either annuities or a combination of annuities and life insurance. These sorts of plans are most often funded through annuities, and those annuities have come to be known as 412(e)(3) annuities, because of the section of the Internal Revenue Code that authorizes this sort of plan. Such 412(e)(3) plans are normally marketed to small businesses as vehicles that can provide large income tax deductions in connection with the establishment or continued funding of a pension plan. The annuities used to fund such a plan often are priced upon low assumed rates of return and other actuarial factors, which means that the employer is required to contribute a larger amount of money up front to fund the plan, and that in turn provides employers with larger tax deductions for their business.

    ReplyDelete
  59. Class Action Challenges Propriety of 412(e)(3) Annuities for ERISA Defined Benefit Plans

    Insurance Class Action Defense and ERISA Litigation

    On August 1, 2012, a putative class action lawsuit was filed in the District of Connecticut challenging the propriety of certain insurance contracts used to fund defined benefit plans described in section 412(e)(3) of the Internal Revenue Code. U.S. Telemanagement, Inc. v. Fidelity Security Life Insurance Co. et al., No. 3:12-cv-1110 JBA (D. Conn.). Because we perceive that the complaint is attacking the appropriateness of the product, as well as the specifics of the product that the named defendant sold, it is a lawsuit that potentially could have industry-wide implications. In addition, as plaintiffs in some of the ERISA revenue-sharing lawsuits have attempted to do, the complaint alleges that the insurance company that sold the annuities acted as an ERISA fiduciary of the plans. This lawsuit thus extends the attack on insurance companies, as seen in the revenue-sharing class actions, that attempts to convert service providers into fiduciaries.
    412(e)(3) Plans and Annuities
    A 412(e)(3) plan is a tax-qualified, defined benefit pension plan that is funded with either annuities or a combination of annuities and life insurance. These sorts of plans are most often funded through annuities, and those annuities have come to be known as 412(e)(3) annuities, because of the section of the Internal Revenue Code that authorizes this sort of plan. Such 412(e)(3) plans are normally marketed to small businesses as vehicles that can provide large income tax deductions in connection with the establishment or continued funding of a pension plan. The annuities used to fund such a plan often are priced upon low assumed rates of return and other actuarial factors, which means that the employer is required to contribute a larger amount of money up front to fund the plan, and that in turn provides employers with larger tax deductions for their business.

    ReplyDelete
  60. tact Us
    Arguments
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    Search...

    Home » 2014 » January
    Life insurance company, others sued over employee benefit programs
    Joel Brakken
    Jan. 30, 2014, 10:00am 0 0 1 41

    Three people and a company are suing over claims they were recommended unsuitable employee benefit programs.

    Stephen McClure, Mark McClure, Carolyn Robinson and International Plastics Inc. filed a lawsuit Nov. 25 in the Cook County Circuit Court against Fidelity Security Life Insurance Co., CJA & Associates Inc., Raymond Ankner, Fifth Third Bank, Jason Freeman and J. Freeman & Associates Inc.

    The suit alleges common law fraud, negligence, negligent misrepresentation and unjust enrichment, among other claims.

    According to the complaint, the defendants used a pre-packaged program designed and administered to induce the plaintiffs to establish employee benefit programs.

    The plaintiffs claim the pre-packaged recommendations promised they would receive tax breaks for their business and secure large retirement benefits for plan participants.

    They claim the defendants knew or should have known the investments they recommended were wholly unsuitable and the cost far exceeded any potential benefits.

    The plaintiffs are seeking more than $50,000 in damages and are being represented in the case by Anthony R. Rutkowski of Rutkowski Law Group in Chicago.

    Cook County Circuit Court Case No. 2013L013514.

    This is a report on a civil lawsuit filed at the Cook County Courthouse. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story.

    ReplyDelete
  61. tact Us
    Arguments
    Facebook
    Twitter
    RSS

    Search...

    Home » 2014 » January
    Life insurance company, others sued over employee benefit programs
    Joel Brakken
    Jan. 30, 2014, 10:00am 0 0 1 41

    Three people and a company are suing over claims they were recommended unsuitable employee benefit programs.

    Stephen McClure, Mark McClure, Carolyn Robinson and International Plastics Inc. filed a lawsuit Nov. 25 in the Cook County Circuit Court against Fidelity Security Life Insurance Co., CJA & Associates Inc., Raymond Ankner, Fifth Third Bank, Jason Freeman and J. Freeman & Associates Inc.

    The suit alleges common law fraud, negligence, negligent misrepresentation and unjust enrichment, among other claims.

    According to the complaint, the defendants used a pre-packaged program designed and administered to induce the plaintiffs to establish employee benefit programs.

    The plaintiffs claim the pre-packaged recommendations promised they would receive tax breaks for their business and secure large retirement benefits for plan participants.

    They claim the defendants knew or should have known the investments they recommended were wholly unsuitable and the cost far exceeded any potential benefits.

    The plaintiffs are seeking more than $50,000 in damages and are being represented in the case by Anthony R. Rutkowski of Rutkowski Law Group in Chicago.

    Cook County Circuit Court Case No. 2013L013514.

    This is a report on a civil lawsuit filed at the Cook County Courthouse. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story.

    ReplyDelete
  62. CJA And Associates - PRESIDENT


    3 of 5 CJA And Associates Reviews
    Naples, Florida Jul 05, 2013 330 views 12 comments
    CJA SOLD US DEFECTIVE EMPLOYEE BENEFIT PLANS COSTING US HUNDREDS

    OF THOUSANDS OF DOLLARS AND IRS AUDITS AND PENALTIES

    ALL WHILE CJA WALKED AWAY WITH HUNDREDS OF THOUSANDS OF OUR DOLLARS IN COMMISSIONS

    ALSO THE INSURANCE COMPANY FIDELITY SECURITY LIFE INSURANCE IS PART OF THIS SCHEME TO DEFRAUD COMPANIES OUT OF MILLIONS OF DOLLARS

    THE IRS GOT LIST OF ALL OF CJA CUSTOMERS AND CAME AFTER THEM WITH AUDITS AND HUGE FINES, CJA HAS DONE NOTHING TO RECTIFY THEIR MISTAKE AND REFUSES TO GIVE BACK ANY MONEY OR ANY OF THE COMMISSIONS THEY TOOK AT THEIR CUSTOMERS EXPENSE AND EXPOSURE TO HUNDREDES OF THOUSANDS OF IRS PENALTIES

    ReplyDelete
  63. CJA And Associates - PRESIDENT


    3 of 5 CJA And Associates Reviews
    Naples, Florida Jul 05, 2013 330 views 12 comments
    CJA SOLD US DEFECTIVE EMPLOYEE BENEFIT PLANS COSTING US HUNDREDS

    OF THOUSANDS OF DOLLARS AND IRS AUDITS AND PENALTIES

    ALL WHILE CJA WALKED AWAY WITH HUNDREDS OF THOUSANDS OF OUR DOLLARS IN COMMISSIONS

    ALSO THE INSURANCE COMPANY FIDELITY SECURITY LIFE INSURANCE IS PART OF THIS SCHEME TO DEFRAUD COMPANIES OUT OF MILLIONS OF DOLLARS

    THE IRS GOT LIST OF ALL OF CJA CUSTOMERS AND CAME AFTER THEM WITH AUDITS AND HUGE FINES, CJA HAS DONE NOTHING TO RECTIFY THEIR MISTAKE AND REFUSES TO GIVE BACK ANY MONEY OR ANY OF THE COMMISSIONS THEY TOOK AT THEIR CUSTOMERS EXPENSE AND EXPOSURE TO HUNDREDES OF THOUSANDS OF IRS PENALTIES

    ReplyDelete
  64. Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    Edit postView stats
    cja and associates, ray ankner sued, get YOUR money back
    Apr 4, 20160 views0 Likes0 CommentsShare on LinkedInShare on FacebookShare on Twitter
    Life insurance company, others sued over employee benefit programs
    Joel BrakkenJan. 30, 2014, 10:00am 0 0 1 41

    Three people and a company are suing over claims they were recommended unsuitable employee benefit programs.

    Stephen McClure, Mark McClure, Carolyn Robinson and International Plastics Inc. filed a lawsuit Nov. 25 in the Cook County Circuit Court against Fidelity Security Life Insurance Co., CJA & Associates Inc., Raymond Ankner, Fifth Third Bank, Jason Freeman and J. Freeman & Associates Inc.

    The suit alleges common law fraud, negligence, negligent misrepresentation and unjust enrichment, among other claims.

    According to the complaint, the defendants used a pre-packaged program designed and administered to induce the plaintiffs to establish employee benefit programs.

    The plaintiffs claim the pre-packaged recommendations promised they would receive tax breaks for their business and secure large retirement benefits for plan participants.

    They claim the defendants knew or should have known the investments they recommended were wholly unsuitable and the cost far exceeded any potential benefits.

    The plaintiffs are seeking more than $50,000 in damages and are being represented in the case by Anthony R. Rutkowski of Rutkowski Law Group in Chicago.

    Cook County Circuit Court Case No. 2013L013514.

    This is a report on a civil lawsuit filed at the Cook County Courthouse. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story

    Stacey Arenas
    Written by
    Stacey Arenas
    LikeCommentShare on LinkedInShare on FacebookShare on Twitter0 comments
    Stacey Arenas Be the first to comment and start the conversation!

    Be the first to comment and start the conversation!
    Stacey Arenas Stacey Arenas YOU
    Life insurance company, others sued over employee benefit programs Joel Brakken Jan. 30, 2014, 10:00am 0 0 1 41 Three people and a company are suing over claims they were recommended unsuitable employee benefit programs. Stephen McClure, Mark McClure, Carolyn Robinson and International Plastics Inc. filed a lawsuit Nov. 25 in the Cook County Circuit Court against Fidelity Security Life Insurance Co., CJA & Associates Inc., Raymond Ankner, Fifth Third Bank, Jason Freeman and J. Freeman & Associates Inc. The suit alleges common law fraud, negligence, negligent misrepresentation and unjust enrichment, among other claims. According to the complaint, the defendants used a pre-packaged program designed and administered to induce the plaintiffs to establish employee benefit programs. The plaintiffs claim the pre-packaged recommendations promised they would receive tax breaks for their business and secure large retirement benefits for plan participants. They claim the defendants knew or should have known the investments they recommended were wholly unsuitable and the cost far exceeded any potential benefits. The plaintiffs are seeking more than $50,000 in damages and are being represented in the case by Anthony R. Rutkowski of Rutkowski Law Group in Chicago. Cook County Circuit Court Case No. 2013L013514. This is a report on a civil lawsuit filed at the Cook County Courthouse. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story

    ReplyDelete
  65. Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    Edit postView stats
    cja and associates, ray ankner sued, get YOUR money back
    Apr 4, 20160 views0 Likes0 CommentsShare on LinkedInShare on FacebookShare on Twitter
    Life insurance company, others sued over employee benefit programs
    Joel BrakkenJan. 30, 2014, 10:00am 0 0 1 41

    Three people and a company are suing over claims they were recommended unsuitable employee benefit programs.

    Stephen McClure, Mark McClure, Carolyn Robinson and International Plastics Inc. filed a lawsuit Nov. 25 in the Cook County Circuit Court against Fidelity Security Life Insurance Co., CJA & Associates Inc., Raymond Ankner, Fifth Third Bank, Jason Freeman and J. Freeman & Associates Inc.

    The suit alleges common law fraud, negligence, negligent misrepresentation and unjust enrichment, among other claims.

    According to the complaint, the defendants used a pre-packaged program designed and administered to induce the plaintiffs to establish employee benefit programs.

    The plaintiffs claim the pre-packaged recommendations promised they would receive tax breaks for their business and secure large retirement benefits for plan participants.

    They claim the defendants knew or should have known the investments they recommended were wholly unsuitable and the cost far exceeded any potential benefits.

    The plaintiffs are seeking more than $50,000 in damages and are being represented in the case by Anthony R. Rutkowski of Rutkowski Law Group in Chicago.

    Cook County Circuit Court Case No. 2013L013514.

    This is a report on a civil lawsuit filed at the Cook County Courthouse. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story

    Stacey Arenas
    Written by
    Stacey Arenas
    LikeCommentShare on LinkedInShare on FacebookShare on Twitter0 comments
    Stacey Arenas Be the first to comment and start the conversation!

    Be the first to comment and start the conversation!
    Stacey Arenas Stacey Arenas YOU
    Life insurance company, others sued over employee benefit programs Joel Brakken Jan. 30, 2014, 10:00am 0 0 1 41 Three people and a company are suing over claims they were recommended unsuitable employee benefit programs. Stephen McClure, Mark McClure, Carolyn Robinson and International Plastics Inc. filed a lawsuit Nov. 25 in the Cook County Circuit Court against Fidelity Security Life Insurance Co., CJA & Associates Inc., Raymond Ankner, Fifth Third Bank, Jason Freeman and J. Freeman & Associates Inc. The suit alleges common law fraud, negligence, negligent misrepresentation and unjust enrichment, among other claims. According to the complaint, the defendants used a pre-packaged program designed and administered to induce the plaintiffs to establish employee benefit programs. The plaintiffs claim the pre-packaged recommendations promised they would receive tax breaks for their business and secure large retirement benefits for plan participants. They claim the defendants knew or should have known the investments they recommended were wholly unsuitable and the cost far exceeded any potential benefits. The plaintiffs are seeking more than $50,000 in damages and are being represented in the case by Anthony R. Rutkowski of Rutkowski Law Group in Chicago. Cook County Circuit Court Case No. 2013L013514. This is a report on a civil lawsuit filed at the Cook County Courthouse. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story

    ReplyDelete
  66. LLC announced that today it filed a class action lawsuit against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL). The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the initial money invested was being siphoned off in commissions and fees. The so-called Section 412 (e)(3) plans are under attack from the IRS as illegitimate attempts to avoid federal taxes. The lawsuit alleges that by advising investment in these plans CJA and FSL breached federal laws governing advice given to employee benefit plans.

    Purchasers of CJA or FSL Section 412 (e)(3) plans are encouraged to contact

    ReplyDelete
  67. 419 section 79 412i captive insurance and other scams, 2311 views, 87 likes
    Edit post
    Published on July 13, 2016
    LikedUnlike419 section 79 412i captive insurance and other scams, 2311 views, 87 likes2Comment3ShareShare 419 section 79 412i captive insurance and other scams, 2311 views, 87 likes0
    Stacey Arenas
    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    LikedUnlike419 section 79 412i captive insurance and other scams, 2311 views, 87 likesCommentShareShare 419 section 79 412i captive insurance and other scams, 2311 views, 87 likes
    Stacey Arenas
    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    460 posts
    3 commentsRecommended



    Leave your thoughts here…

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    11s
    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    Class Action Filed against CJA and Associates and Fidelity Security Life Hartford, CT: A consumer fraud class action lawsuit has been filed against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL). The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the initial money invested was being siphoned off in commissions and fees. The so-called Section 412 (e)(3) plans are under attack from the IRS as illegitimate attempts to avoid federal taxes. The lawsuit alleges that by advising investment in these plans CJA and FSL breached federal laws governing advice given to employee benefit plans.
    UnlikeReplyYou
    4d
    Lance Wallach
    Business Owner at National Offices of Lance Wallach
    CJA And Associates - PRESIDENT Naples, Florida Jul 05, 2013 362 views 11 comments CJA SOLD US DEFECTIVE EMPLOYEE BENEFIT PLANS COSTING US HUNDREDS OF THOUSANDS OF DOLLARS AND IRS AUDITS AND PENALTIES ALL WHILE CJA WALKED AWAY WITH HUNDREDS OF THOUSANDS OF OUR DOLLARS IN COMMISSIONS ALSO THE INSURANCE COMPANY FIDELITY SECURITY LIFE INSURANCE IS PART OF THIS SCHEME TO DEFRAUD COMPANIES OUT OF MILLIONS OF DOLLARS THE IRS GOT LIST OF ALL OF CJA CUSTOMERS AND CAME AFTER THEM WITH AUDITS AND HUGE FINES, CJA HAS DONE NOTHING TO RECTIFY THEIR MISTAKE AND REFUSES TO GIVE BACK ANY MONEY OR ANY OF THE COMMISSIONS THEY TOOK AT THEIR CUSTOMERS EXPENSE AND EXPOSURE TO HUNDREDES OF THOUSANDS OF IRS PENALTIES
    UnlikeReplyYou
    3d
    Lance Wallach
    Business Owner at National Offices of Lance Wallach
    Toolbox for Finance Topics Tax Blogs

    ReplyDelete
  68. 419 section 79 412i captive insurance and other scams, 2311 views, 87 likes
    Edit post
    Published on July 13, 2016
    LikedUnlike419 section 79 412i captive insurance and other scams, 2311 views, 87 likes2Comment3ShareShare 419 section 79 412i captive insurance and other scams, 2311 views, 87 likes0
    Stacey Arenas
    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    LikedUnlike419 section 79 412i captive insurance and other scams, 2311 views, 87 likesCommentShareShare 419 section 79 412i captive insurance and other scams, 2311 views, 87 likes
    Stacey Arenas
    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    460 posts
    3 commentsRecommended



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    11s
    Stacey Arenas
    Assistant Managing Director, Marketing Manager at Vebaplan LLC
    Class Action Filed against CJA and Associates and Fidelity Security Life Hartford, CT: A consumer fraud class action lawsuit has been filed against Chicago-based CJA and Associates and Kansas City, Missouri-based Fidelity Security Life Insurance Company (FSL). The lawsuit alleges that CJA and FSL breached fiduciary duties in duping small business owners into investing millions of dollars of employee retirement benefit money in FSL annuities when up to 95% of the initial money invested was being siphoned off in commissions and fees. The so-called Section 412 (e)(3) plans are under attack from the IRS as illegitimate attempts to avoid federal taxes. The lawsuit alleges that by advising investment in these plans CJA and FSL breached federal laws governing advice given to employee benefit plans.
    UnlikeReplyYou
    4d
    Lance Wallach
    Business Owner at National Offices of Lance Wallach
    CJA And Associates - PRESIDENT Naples, Florida Jul 05, 2013 362 views 11 comments CJA SOLD US DEFECTIVE EMPLOYEE BENEFIT PLANS COSTING US HUNDREDS OF THOUSANDS OF DOLLARS AND IRS AUDITS AND PENALTIES ALL WHILE CJA WALKED AWAY WITH HUNDREDS OF THOUSANDS OF OUR DOLLARS IN COMMISSIONS ALSO THE INSURANCE COMPANY FIDELITY SECURITY LIFE INSURANCE IS PART OF THIS SCHEME TO DEFRAUD COMPANIES OUT OF MILLIONS OF DOLLARS THE IRS GOT LIST OF ALL OF CJA CUSTOMERS AND CAME AFTER THEM WITH AUDITS AND HUGE FINES, CJA HAS DONE NOTHING TO RECTIFY THEIR MISTAKE AND REFUSES TO GIVE BACK ANY MONEY OR ANY OF THE COMMISSIONS THEY TOOK AT THEIR CUSTOMERS EXPENSE AND EXPOSURE TO HUNDREDES OF THOUSANDS OF IRS PENALTIES
    UnlikeReplyYou
    3d
    Lance Wallach
    Business Owner at National Offices of Lance Wallach
    Toolbox for Finance Topics Tax Blogs

    ReplyDelete
  69. Raymond Ankner Insurance
    Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA and Associates’ plans, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS. Benistar, 412i Lawsuits, 419 lawsuits, 412i Help, 419 Help, IRS Audits, 412i Problems, 412i problems, Expert Witness Lance Wallach, 412i Help, 419 Help, Benistar Lawsuits, 412i lawsuits, 419 lawsuits

    Audits of section 79, captive insurance, 412i and 419 scams
    Audits of section 79, captive insurance, 412i and 419 scams
    Posted by Lance Wallach at 7/11/2016 08:21:00 AM No comments:
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    Labels: 412i, 419, abusive tax shelters, captive insurance, cja and associate, IRS audits

    ReplyDelete
  70. M Funds 2
    Why You Should Not Own Mutual Funds at this time --- Mutual Funds can be considered dangerous to own. We have information on this and many other financial pitfalls in the business world.

    ReplyDelete