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.
ReplyDelete412i 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.
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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.
ReplyDeletewallach for more or www.vebaplan.com to get all your money and fight the IRS.
ReplyDeleteIRS 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
Speaker’s Name: Lance Wallach, President
ReplyDeleteFull 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
RFC Case Number: 3:2013cv05303
ReplyDeleteFile 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
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ReplyDeleteCited 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
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).
ReplyDeleteGarrett 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.
Back to Home Pagehas been stayed by Judge Thompson pending the outcome of this appeal.
ReplyDelete[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.
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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!
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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
Lance WallachJanuary 23, 2014 at 1:29 PM
ReplyDeletegoogle 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
CJA and Associates, Inc.
ReplyDeleteCJA 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
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January 30
Appreciate Your Own Gifts and Talents
cja and associates lawusit
ReplyDeleteCJA 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
esults found for cja and associates inc in chicago il
ReplyDelete[CJA8271600-001]
ReplyDeleteCJA 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.
Company Details
ReplyDelete412i 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!
CJA Marketing
ReplyDeleteNaples 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
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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.
CJ Associates - BCPat.com
ReplyDeletewww.bcpat.com/
1 (631) 619 5760
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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 ...
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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
CJA and associates 419 412i section 79 scam audits lawsuits
ReplyDeleteseniorabuses.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
CJA Marketing CJA and Associates Sold defective retirement plans costing us hundreds of thousands of dollars
ReplyDeleteBeware 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
Cases matching "CJA & ASSOCIATES"
ReplyDeleteView 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.
USE THIS TO SUE THEM
ReplyDeleteO 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
CJA and associates 419 plan lawsuits IRS audits Reviews | Scambook
ReplyDeletewww.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 .
Reportable Transactions & 419 Plans Litigation
ReplyDelete412i, 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
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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
Class Action Filed against CJA and Associates and Fidelity Security
ReplyDeletekmjradiolance3.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
CJA and Associates Inc. Company Directory of Business Contacts
ReplyDeleteCJA 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.
Life Insurance Policies
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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
Review: CJA Marketing
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Raymond Ankner -Expected to be the biggest life insurance failure in Illinois
ReplyDeleteRaymond 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,
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as an expert witness lance wallach has never lost a case
ReplyDeleteOur 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
IRS tax relief firm, Lance Wallach, speaking
ReplyDeleteMonday, 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...
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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.
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CJA & Associates and 412i, 419, and Other Abusive Plans
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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 ...
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Raymond Ankner -Expected to be the biggest life insurance failure in Illinois
ReplyDeleteRaymond 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.
Lance Wallach - The Nation's Foremost 419 and 412i plans expert
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Complaint Review: CJA Marketing
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412i 419E IRS Audits and Problems
ReplyDelete412i, 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
Complaint Review: CJA Marketing
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Raymond Ankner -Expected to be the biggest life insurance failure in Illinois
ReplyDeleteRaymond 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
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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...
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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...
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Nov 27, 2012 - CJA and associates 419 412i section 79 scam audits lawsuits .... Defendant: CJA and Associates, Inc., Kent W. Hagan, Maurine Hagan, Hagan ...
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CJA & Associates and 412i, 419, and Oth
"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:
ReplyDeleteIV. THE RISE OF STOLI LAWSUITS
UNITED STATES COURT OF APPEALS
ReplyDeleteFOR 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)
ReplyDeleteCJA 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?
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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
412(i) PLANS: WHY SO POPULAR?
ReplyDeleteWHAT 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
Reportable Transactions & 419 Plans Litigation
ReplyDelete412i, 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.
Lawyers, Law Firms, Legal InformationFind a Lawyer
ReplyDeleteConversation 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
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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
ReplyDeleteLance 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
Veba Health Care
ReplyDeleteSUNDAY, 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.
Probs IRS
ReplyDelete412i, 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
Probs IRS
ReplyDelete412i, 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
The Inter-American Insurance Co. of Illinois (Inter-
ReplyDeleteAmerican) 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.
The Inter-American Insurance Co. of Illinois (Inter-
ReplyDeleteAmerican) 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.
Dear Mr. Wallach,
ReplyDeleteGreat 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
Dear Mr. Wallach,
ReplyDeleteGreat 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
Class Action Challenges Propriety of 412(e)(3) Annuities for ERISA Defined Benefit Plans
ReplyDeleteInsurance 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.
Class Action Challenges Propriety of 412(e)(3) Annuities for ERISA Defined Benefit Plans
ReplyDeleteInsurance 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.
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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.
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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.
CJA And Associates - PRESIDENT
ReplyDelete3 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
CJA And Associates - PRESIDENT
ReplyDelete3 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
Stacey Arenas
ReplyDeleteAssistant Managing Director, Marketing Manager at Vebaplan LLC
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cja and associates, ray ankner sued, get YOUR money back
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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
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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
Stacey Arenas
ReplyDeleteAssistant 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
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.
ReplyDeletePurchasers of CJA or FSL Section 412 (e)(3) plans are encouraged to contact
419 section 79 412i captive insurance and other scams, 2311 views, 87 likes
ReplyDeleteEdit post
Published on July 13, 2016
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Assistant Managing Director, Marketing Manager at Vebaplan LLC
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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.
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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
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Lance Wallach
Business Owner at National Offices of Lance Wallach
Toolbox for Finance Topics Tax Blogs
419 section 79 412i captive insurance and other scams, 2311 views, 87 likes
ReplyDeleteEdit 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
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Assistant Managing Director, Marketing Manager at Vebaplan LLC
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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.
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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
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Lance Wallach
Business Owner at National Offices of Lance Wallach
Toolbox for Finance Topics Tax Blogs
Raymond Ankner Insurance
ReplyDeleteRaymond 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
M Funds 2
ReplyDeleteWhy 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.
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Lance Wallach, 'National Society of Accountants Speaker of the Year', writes for 26 publications, has authored CPE books for the AICPA, Bisk Education, and used to speak at over 50 national annual conventions. As an expert witness, his side has never lost a case. Lance has appeared on radio and TV and is often quoted in the press. You could spend a week Googling Lance Wallach.
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