Scandal Involving the IRS

The recent scandal involving the IRS and politically targeted audits has been well covered by mainstream media. I wasn’t even going to write about but for 3 emails from past and present clients. The details of the present scandal are fairly easy to summarize:

1) The IRS targeted conservative and “Tea Party” aligned groups for audit;
2) The IRS lied about the audits when confronted by Congress;
3) People very high up in the IRS knew what was going on; and
4) The Treasury Inspector General still has not figured out who ordered the audits or “special treatment.”
I won’t belabor those points. Look no further than the New York Times for some excellent reporting. What we will try to do, however, is discuss the rest of the story. (Pay attention Senator Warren!)

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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    CJA & Associates Inc
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    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

  2. 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, January 15, 2013

    412(I) Plans and and the IRS audits and lawsuits.

    Lance Wallach

    412(i) is a provision of the tax code. A 412(i) plan is a defined pension plan. A 412(i) plan differs from other defined benefit pension plans in that it must be funded exclusively by the purchase of individual insurance products (insurance and annuities). It provides specific retirement benefits to participants once they reach retirement and must contain assets sufficient to pay those benefits. To create a 412(i) plan, there must be a plan to hold the assets. The employer funds the plan by making cash contributions to the plan, and the Code allows the employer to take a tax deduction in the amount of the contributions, i.e. the entire amount.

    The plan uses the contributed funds to purchase some combination of insurance products (insurance or annuities) for the plan. As the plan participants retire, the plan will usually sell the policies for their present cash value and purchase annuities with the proceeds. The revenue stream from the annuities pays the specified retirement benefit to plan participants.

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    IRS Attacks CJA & CJA and Associates’ plans

    Lance Wallach

    Our tax resolution offices have been alerted that taxpayers are starting to be contacted by the IRS concerning plans in connection with CJA & CJA and Associates. If you are in any type of benefit plan, a plan having insurance, 419 plan, 412i, 412(e)(3), 419e, Welfare benefit plans, Prepare Plan, Titanium, Section 79, Captive Insurance or other CJA plan contact our office immediately for assistance.

    For more information and additional articles on these subjects, visit, or call 516-938-5007






  4. Raymond Ankner Insurance
    Raymond Ankner -Expected to be the biggest life insurance failure in Illinois : IRS Attacks CJA and Associates’ plin insurance c