"Niche" "Bisys" "Veba" "Doug Williams" "arch bonnema" "steve toth" "captive insurance" "michael sonnenberg" "ron snyder" "brian cave" "benistar" "norm
    bevan" "doug williams"  " williams coulson" "dennis cunning" "phil rowe" "sadi trust" "beta plan" "millennium plan" "grist mill trust" "compass welfare benefit plan"
    "sea nine" "professional benefits trust" "kenny harstein," "integrity 419" "integrity benefit plan" "veba plan" "sterling 419" "judy carsrud"







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By Lance Wallach

Taxpayers who previously adopted 419, 412i, captive
insurance or Section 79 plans are in big trouble.

In recent years, the IRS has identified many of these arrangements as  abusive devices to funnel tax deductible dollars to shareholders
and classified these arrangements as listed transactions." These plans were sold by insurance agents, financial planners, accountants
and attorneys seeking large life insurance commissions. In general, taxpayers who engage in a “listed transaction” must report such
transaction to the IRS on Form 8886 every  year that they “participate” in the transaction, and you do not necessarily have to make a
contribution or claim a tax deduction to participate. Section 6707A of the Code imposes severe penalties for failure to file Form 8886 with
respect to a listed transaction. But you are also in trouble if you file incorrectly. I have received numerous phone calls from business
owners who filed and still got fined. Not only do you have to fi le Form 8886, but it also has to be prepared correctly. I only know of two
people in the U.S. who have filed these forms properly for clients. They tell me that was after hundreds of hours of research and over 50
phones calls to various IRS personnel. The filing instructions for Form 8886 presume a timely fi ling. Most people fi le late and follow the
directions for currently preparing the forms. Then the IRS fines the business owner. The tax court does not have jurisdiction to abate or
lower such penalties imposed by the IRS.

"Many taxpayers who are no longer taking current tax deductions for these plans continue to enjoy the benefit of previous tax deductions
by continuing the deferral of income from contributions and deductions taken in prior years."

Many business owners adopted 412i, 419, captive insurance and Section 79 plans based upon representations provided by insurance
professionals that the plans were legitimate plans and were not informed that they were engaging in a listed transaction. Upon audit,
these taxpayers were shocked when the IRS asserted penalties under Section 6707A of the Code in the hundreds of thousands of
dollars. Numerous complaints from these taxpayers caused Congress to impose a moratorium on assessment of Section 6707A
penalties.

The moratorium on IRS fines expired on June 1, 2010. The IRS immediately started sending out notices proposing the imposition of
Section 6707A penalties along with requests for lengthy extensions of the Statute of Limitations for the purpose of assessing tax. Many
of these taxpayers stopped taking deductions for contributions to these plans years ago, and are confused and upset by the IRS’s
inquiry, especially when the taxpayer had previously reached a monetary settlement with the IRS regarding its deductions. Logic and
common sense dictate that a penalty should not apply if the taxpayer no longer benefits from the arrangement. Treas. Reg. Sec. 1.6011-
4(c)(3)(i) provides that a taxpayer has participated in a listed transaction if the taxpayer’s tax return reflects tax consequences or a tax
strategy described in the published guidance identifying the transaction as a listed transaction or a transaction that is the same or
substantially similar to a listed transaction.

Clearly, the primary benefit in the participation of these plans is the large tax deduction generated by such participation. Many taxpayers
who are no longer taking current tax deductions for these plans continue to enjoy the benefit of previous tax deductions by continuing
the deferral of income from contributions and deductions taken in prior years. While the regulations do not expand on what constitutes
“reflecting the tax consequences of the strategy,” it could be argued that continued benefit from a tax deferral for a previous tax
deduction is within the contemplation of a “tax consequence” of the plan strategy. Also, many taxpayers who no longer make
contributions or claim tax deductions continue to pay administrative fees. Sometimes, money is taken from the plan to pay premiums to
keep life insurance policies in force. In these ways, it could be argued that these taxpayers are still “contributing,” and thus still must file
Form 8886.

It is clear that the extent to which a taxpayer benefits from the transaction depends on the purpose of a particular transaction as
described in the published guidance that caused such transaction to be a listed transaction. Revenue Ruling 2004-20 which classifies
419(e) transactions, appears to be concerned with the employer’s contribution/deduction amount rather than the continued deferral of
the income in previous years. Another important issue is that the IRS has called CPAs material advisors if they signed tax returns
containing the plan, and got paid a certain amount of money for tax advice on the plan. The fi ne is $100,000 for the CPA, or $200,000 if
the CPA is incorporated. To avoid the fine, the CPA has to properly file Form 8918.

Lance Wallach, National Society of Accountants Speaker of the Year and member of the AICPA faculty of teaching professionals,
Wallach is a frequent speaker on retirement plans, financial and estate planning, and abusive tax shelters. He is also a featured writer
and has been interviewed on television and financial talk shows including NBC, National Pubic Radio’s All Things Considered and others.
Lance authored 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 AICPA best-selling books including Avoiding Circular 230
Malpractice Traps and Common Abusive Small Business Hot Spots.

Contact him at:
516.938.5007,
wallachinc@gmail.com, or
www.taxadvisorexperts.org, or
www.taxlibrary.us.

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.



i,Penn Mutual412i,Bankers Life 412i,John Hancock 412i,Security Mutual 412i,412,Prudential 412i,Kansas City Life 412i,Mass Mutual412i,Guardian 412i,Amerus 412i,Benistar,SADI Trust,Beta 419,Millennium Plan,Bisys,Creative Services Group,Sterling
Benefit Plan,Compass 419,Niche 419,CRESP,Sea Nine Veba,American Benefits Trust,National Benefit Plan and Trust,ABT,Benistar 419 Plan,Millennium 419 Plan,Bisys 419,Creative Services Group 419 Plan,Sterling Benefit 419 Plan,CRESP 419,Sea Nine
Veba 419,National Benefit Plan and Trust 419,American Benefits Trust 419,ABT 419,Dennis Cunning,Steve Toth,Michael Sonnenberg,Larry Bell,Scott Ridge,Randall Smith,Greg Roper,Tracy Sunderlage,Kenny Hartstein,Ridge Plan,Professional Benefits Trust
IRS attacks business owners in 419, 412,
section 79 and captive insurance plans
under section 6707A
Tax Audit 419.com
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Will Call You at
YOUR
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Call 516
938-5007
To Get
Started
Resolving
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NOW!

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Operate
Nationwide
Copyright 2010 - Lance Wallach - All Rights Reserved




    "Niche" "Bisys" "Veba" "Doug Williams" "arch bonnema" "steve toth" "captive insurance" "michael sonnenberg" "ron snyder" "brian cave" "benistar" "norm
    bevan" "doug williams"  " williams coulson" "dennis cunning" "phil rowe" "sadi trust" "beta plan" "millennium plan" "grist mill trust" "compass welfare benefit plan"
    "sea nine" "professional benefits trust" "kenny harstein," "integrity 419" "integrity benefit plan" "veba plan" "sterling 419" "judy carsrud"







Email Us and We
Will Call You at
YOUR
Convenience
Call 516-938-5007
To Get Started
Resolving This
Problem NOW!

Our Experts
Operate
Nationwide






By Lance Wallach

Taxpayers who previously adopted 419, 412i, captive
insurance or Section 79 plans are in big trouble.

In recent years, the IRS has identified many of these arrangements as  abusive devices to funnel tax deductible dollars to shareholders
and classified these arrangements as listed transactions." These plans were sold by insurance agents, financial planners, accountants
and attorneys seeking large life insurance commissions. In general, taxpayers who engage in a “listed transaction” must report such
transaction to the IRS on Form 8886 every  year that they “participate” in the transaction, and you do not necessarily have to make a
contribution or claim a tax deduction to participate. Section 6707A of the Code imposes severe penalties for failure to file Form 8886 with
respect to a listed transaction. But you are also in trouble if you file incorrectly. I have received numerous phone calls from business
owners who filed and still got fined. Not only do you have to fi le Form 8886, but it also has to be prepared correctly. I only know of two
people in the U.S. who have filed these forms properly for clients. They tell me that was after hundreds of hours of research and over 50
phones calls to various IRS personnel. The filing instructions for Form 8886 presume a timely fi ling. Most people fi le late and follow the
directions for currently preparing the forms. Then the IRS fines the business owner. The tax court does not have jurisdiction to abate or
lower such penalties imposed by the IRS.

"Many taxpayers who are no longer taking current tax deductions for these plans continue to enjoy the benefit of previous tax deductions
by continuing the deferral of income from contributions and deductions taken in prior years."

Many business owners adopted 412i, 419, captive insurance and Section 79 plans based upon representations provided by insurance
professionals that the plans were legitimate plans and were not informed that they were engaging in a listed transaction. Upon audit,
these taxpayers were shocked when the IRS asserted penalties under Section 6707A of the Code in the hundreds of thousands of
dollars. Numerous complaints from these taxpayers caused Congress to impose a moratorium on assessment of Section 6707A
penalties.

The moratorium on IRS fines expired on June 1, 2010. The IRS immediately started sending out notices proposing the imposition of
Section 6707A penalties along with requests for lengthy extensions of the Statute of Limitations for the purpose of assessing tax. Many
of these taxpayers stopped taking deductions for contributions to these plans years ago, and are confused and upset by the IRS’s
inquiry, especially when the taxpayer had previously reached a monetary settlement with the IRS regarding its deductions. Logic and
common sense dictate that a penalty should not apply if the taxpayer no longer benefits from the arrangement. Treas. Reg. Sec. 1.6011-
4(c)(3)(i) provides that a taxpayer has participated in a listed transaction if the taxpayer’s tax return reflects tax consequences or a tax
strategy described in the published guidance identifying the transaction as a listed transaction or a transaction that is the same or
substantially similar to a listed transaction.

Clearly, the primary benefit in the participation of these plans is the large tax deduction generated by such participation. Many taxpayers
who are no longer taking current tax deductions for these plans continue to enjoy the benefit of previous tax deductions by continuing
the deferral of income from contributions and deductions taken in prior years. While the regulations do not expand on what constitutes
“reflecting the tax consequences of the strategy,” it could be argued that continued benefit from a tax deferral for a previous tax
deduction is within the contemplation of a “tax consequence” of the plan strategy. Also, many taxpayers who no longer make
contributions or claim tax deductions continue to pay administrative fees. Sometimes, money is taken from the plan to pay premiums to
keep life insurance policies in force. In these ways, it could be argued that these taxpayers are still “contributing,” and thus still must file
Form 8886.

It is clear that the extent to which a taxpayer benefits from the transaction depends on the purpose of a particular transaction as
described in the published guidance that caused such transaction to be a listed transaction. Revenue Ruling 2004-20 which classifies
419(e) transactions, appears to be concerned with the employer’s contribution/deduction amount rather than the continued deferral of
the income in previous years. Another important issue is that the IRS has called CPAs material advisors if they signed tax returns
containing the plan, and got paid a certain amount of money for tax advice on the plan. The fi ne is $100,000 for the CPA, or $200,000 if
the CPA is incorporated. To avoid the fine, the CPA has to properly file Form 8918.

Lance Wallach, National Society of Accountants Speaker of the Year and member of the AICPA faculty of teaching professionals,
Wallach is a frequent speaker on retirement plans, financial and estate planning, and abusive tax shelters. He is also a featured writer
and has been interviewed on television and financial talk shows including NBC, National Pubic Radio’s All Things Considered and others.
Lance authored 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 AICPA best-selling books including Avoiding Circular 230
Malpractice Traps and Common Abusive Small Business Hot Spots.

Contact him at:
516.938.5007,
wallachinc@gmail.com, or
www.taxadvisorexperts.org, or
www.taxlibrary.us.

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.



i,Penn Mutual412i,Bankers Life 412i,John Hancock 412i,Security Mutual 412i,412,Prudential 412i,Kansas City Life 412i,Mass Mutual412i,Guardian 412i,Amerus 412i,Benistar,SADI Trust,Beta 419,Millennium Plan,Bisys,Creative Services Group,Sterling
Benefit Plan,Compass 419,Niche 419,CRESP,Sea Nine Veba,American Benefits Trust,National Benefit Plan and Trust,ABT,Benistar 419 Plan,Millennium 419 Plan,Bisys 419,Creative Services Group 419 Plan,Sterling Benefit 419 Plan,CRESP 419,Sea Nine
Veba 419,National Benefit Plan and Trust 419,American Benefits Trust 419,ABT 419,Dennis Cunning,Steve Toth,Michael Sonnenberg,Larry Bell,Scott Ridge,Randall Smith,Greg Roper,Tracy Sunderlage,Kenny Hartstein,Ridge Plan,Professional Benefits Trust
IRS attacks business owners in 419, 412,
section 79 and captive insurance plans
under section 6707A
Tax Audit 419.com
Email Us and We
Will Call You at
YOUR
Convenience
Call 516
938-5007
To Get
Started
Resolving
This
Problem
NOW!

Our Experts
Operate
Nationwide
Copyright 2010 - Lance Wallach - All Rights Reserved




    "Niche" "Bisys" "Veba" "Doug Williams" "arch bonnema" "steve toth" "captive insurance" "michael sonnenberg" "ron snyder" "brian cave" "benistar" "norm
    bevan" "doug williams"  " williams coulson" "dennis cunning" "phil rowe" "sadi trust" "beta plan" "millennium plan" "grist mill trust" "compass welfare benefit plan"
    "sea nine" "professional benefits trust" "kenny harstein," "integrity 419" "integrity benefit plan" "veba plan" "sterling 419" "judy carsrud"







Email Us and We
Will Call You at
YOUR
Convenience
Call 516-938-5007
To Get Started
Resolving This
Problem NOW!

Our Experts
Operate
Nationwide






By Lance Wallach

Taxpayers who previously adopted 419, 412i, captive
insurance or Section 79 plans are in big trouble.

In recent years, the IRS has identified many of these arrangements as  abusive devices to funnel tax deductible dollars to shareholders
and classified these arrangements as listed transactions." These plans were sold by insurance agents, financial planners, accountants
and attorneys seeking large life insurance commissions. In general, taxpayers who engage in a “listed transaction” must report such
transaction to the IRS on Form 8886 every  year that they “participate” in the transaction, and you do not necessarily have to make a
contribution or claim a tax deduction to participate. Section 6707A of the Code imposes severe penalties for failure to file Form 8886 with
respect to a listed transaction. But you are also in trouble if you file incorrectly. I have received numerous phone calls from business
owners who filed and still got fined. Not only do you have to fi le Form 8886, but it also has to be prepared correctly. I only know of two
people in the U.S. who have filed these forms properly for clients. They tell me that was after hundreds of hours of research and over 50
phones calls to various IRS personnel. The filing instructions for Form 8886 presume a timely fi ling. Most people fi le late and follow the
directions for currently preparing the forms. Then the IRS fines the business owner. The tax court does not have jurisdiction to abate or
lower such penalties imposed by the IRS.

"Many taxpayers who are no longer taking current tax deductions for these plans continue to enjoy the benefit of previous tax deductions
by continuing the deferral of income from contributions and deductions taken in prior years."

Many business owners adopted 412i, 419, captive insurance and Section 79 plans based upon representations provided by insurance
professionals that the plans were legitimate plans and were not informed that they were engaging in a listed transaction. Upon audit,
these taxpayers were shocked when the IRS asserted penalties under Section 6707A of the Code in the hundreds of thousands of
dollars. Numerous complaints from these taxpayers caused Congress to impose a moratorium on assessment of Section 6707A
penalties.

The moratorium on IRS fines expired on June 1, 2010. The IRS immediately started sending out notices proposing the imposition of
Section 6707A penalties along with requests for lengthy extensions of the Statute of Limitations for the purpose of assessing tax. Many
of these taxpayers stopped taking deductions for contributions to these plans years ago, and are confused and upset by the IRS’s
inquiry, especially when the taxpayer had previously reached a monetary settlement with the IRS regarding its deductions. Logic and
common sense dictate that a penalty should not apply if the taxpayer no longer benefits from the arrangement. Treas. Reg. Sec. 1.6011-
4(c)(3)(i) provides that a taxpayer has participated in a listed transaction if the taxpayer’s tax return reflects tax consequences or a tax
strategy described in the published guidance identifying the transaction as a listed transaction or a transaction that is the same or
substantially similar to a listed transaction.

Clearly, the primary benefit in the participation of these plans is the large tax deduction generated by such participation. Many taxpayers
who are no longer taking current tax deductions for these plans continue to enjoy the benefit of previous tax deductions by continuing
the deferral of income from contributions and deductions taken in prior years. While the regulations do not expand on what constitutes
“reflecting the tax consequences of the strategy,” it could be argued that continued benefit from a tax deferral for a previous tax
deduction is within the contemplation of a “tax consequence” of the plan strategy. Also, many taxpayers who no longer make
contributions or claim tax deductions continue to pay administrative fees. Sometimes, money is taken from the plan to pay premiums to
keep life insurance policies in force. In these ways, it could be argued that these taxpayers are still “contributing,” and thus still must file
Form 8886.

It is clear that the extent to which a taxpayer benefits from the transaction depends on the purpose of a particular transaction as
described in the published guidance that caused such transaction to be a listed transaction. Revenue Ruling 2004-20 which classifies
419(e) transactions, appears to be concerned with the employer’s contribution/deduction amount rather than the continued deferral of
the income in previous years. Another important issue is that the IRS has called CPAs material advisors if they signed tax returns
containing the plan, and got paid a certain amount of money for tax advice on the plan. The fi ne is $100,000 for the CPA, or $200,000 if
the CPA is incorporated. To avoid the fine, the CPA has to properly file Form 8918.

Lance Wallach, National Society of Accountants Speaker of the Year and member of the AICPA faculty of teaching professionals,
Wallach is a frequent speaker on retirement plans, financial and estate planning, and abusive tax shelters. He is also a featured writer
and has been interviewed on television and financial talk shows including NBC, National Pubic Radio’s All Things Considered and others.
Lance authored 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 AICPA best-selling books including Avoiding Circular 230
Malpractice Traps and Common Abusive Small Business Hot Spots.

Contact him at:
516.938.5007,
wallachinc@gmail.com, or
www.taxadvisorexperts.org, or
www.taxlibrary.us.

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.



i,Penn Mutual412i,Bankers Life 412i,John Hancock 412i,Security Mutual 412i,412,Prudential 412i,Kansas City Life 412i,Mass Mutual412i,Guardian 412i,Amerus 412i,Benistar,SADI Trust,Beta 419,Millennium Plan,Bisys,Creative Services Group,Sterling
Benefit Plan,Compass 419,Niche 419,CRESP,Sea Nine Veba,American Benefits Trust,National Benefit Plan and Trust,ABT,Benistar 419 Plan,Millennium 419 Plan,Bisys 419,Creative Services Group 419 Plan,Sterling Benefit 419 Plan,CRESP 419,Sea Nine
Veba 419,National Benefit Plan and Trust 419,American Benefits Trust 419,ABT 419,Dennis Cunning,Steve Toth,Michael Sonnenberg,Larry Bell,Scott Ridge,Randall Smith,Greg Roper,Tracy Sunderlage,Kenny Hartstein,Ridge Plan,Professional Benefits Trust
IRS attacks business owners in 419, 412,
section 79 and captive insurance plans
under section 6707A
Tax Audit 419.com
Email Us and We
Will Call You at
YOUR
Convenience
Call 516
938-5007
To Get
Started
Resolving
This
Problem
NOW!

Our Experts
Operate
Nationwide
Copyright 2010 - Lance Wallach - All Rights Reserved




    "Niche" "Bisys" "Veba" "Doug Williams" "arch bonnema" "steve toth" "captive insurance" "michael sonnenberg" "ron snyder" "brian cave" "benistar" "norm
    bevan" "doug williams"  " williams coulson" "dennis cunning" "phil rowe" "sadi trust" "beta plan" "millennium plan" "grist mill trust" "compass welfare benefit plan"
    "sea nine" "professional benefits trust" "kenny harstein," "integrity 419" "integrity benefit plan" "veba plan" "sterling 419" "judy carsrud"







Email Us and We
Will Call You at
YOUR
Convenience
Call 516-938-5007
To Get Started
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Excerpt from FCICA Presents Tax, Insurance, and Cost Reduction Strategies for Small Business by Lance Wallach and Dr. Bart Basi

Summer ‘08

The 1993 tax law changed the amount allowable as a deduction for business meals and entertainment expenses incurred after. In
addition, some special rules were enacted into the tax law. The limitation for deducting such expenses incurred after December 31, 1993
is 50%. Accordingly, after the general rules and exceptions are applied to meals and entertainment expenses incurred and the total
dollar amount is determined, the 50% rule must then be applied. Business people must keep current with such rules or face the wrath of
the IRS. The purpose of this chapter is to explain the general rule, the exceptions, and the special rules that are in effect for all business
meals and entertainment expenses.

The General Rule

For purposes of the application of the 50% rule, it should be remembered that generally the entertainment or meal expenses are first
determined, and then 50% of such expenses are subtracted prior to the expenses actually being deducted by either the employer or the
employee. For example: $100 expense is incurred for meals, tips included (it must first be determined that the expense is a legitimated
entertainment expense).
       $100 – 50% = $50 which is the deductible portion resulting from the application of the 50% rule.
       If an individual is traveling away from home on business, 50% of the cost of his meals is allowed as a deduction. However, if any
portion of the meal expenses incurred while away from home is considered to be lavish or extravagant, then this amount must be
subtracted first and is not applicable to the deduction. Lavish or extravagant is based upon the circumstances and conditions existing at
the time the expenses are incurred.
       It is important to note that the deduction is allowable only in the case that the taxpayer or employee of the taxpayer is present at the
furnishing of such food or beverages.
The above illustration is a general application of the 50% rule. However, there are numerous exceptions that apply to this rule. Following
is a discussion of the exception (It should be noted that the exceptions will either increase or decrease the total amount deductible from
the general rule which allows 50% of the expenses to be deducted.)

Exceptions to the 50% Rule

1.        If an employer reimburses employees 100% for the cost of meals and entertainment, the employer can deduct the entire 100% of
the reimbursement as long as the employer considers the additional 50% as added compensation, subject to withholding taxes. In this
case, the employer must add the additional 50% to the W-2 Form provided to the employees.

2.        If an employer provides samples or promotional food items to the general public, the employer can take a 100% deduction and
not be limited by the 50% rule for such food items provided to employees as well as the general public.

3.        If there is a bona fide sale of goods to employees, then the employer is also allowed to deduct 100% of the expense. This is
automatic since a sale is said to have taken place.

4.        If the employer incur meal expenses as a result of social or recreational activities for the benefit of the employees, the meal
expenses would be 100% deductible. For example, this would be true if the employer provided a Christmas party or a summer picnic for
its employees each year. The 50% rule does not apply to these traditional social activities that benefit all employees and their families.

5.        If food and beverage expenses are provided to employees and are so small as to overshadow the costs involved in record
keeping, the employer can deduct 100% of such expenses without charging the employee for the fair market value of the food and
beverages. This would be true, for example, if the employer provided coffee and donuts for the employees on a daily basis. The cost of
allocation of such expenses would be grater that the benefit derived from the record keeping.

6.        If an employer obtains tickets to a sporting activity that was organized to benefit a tax-exempt organization and volunteer
substantially performed all of the work during the event, then 100% of the cost of such tickets would be deductible. This rule, however,
does not apply to any athletic activities where the referees or coaches receive compensation. Consequently, high school or college
football games do not come under this rule and are subject to the 50% rule.

7.        Fees paid for what is referred to as “sky boxes” at sports arenas are subject to a special rule. The deductible amount of the cost
of a skybox is disallowed to the extent that it exceeds the cost of the highest priced non luxury box. The 50% rule then applies to the
remaining amount of the expense; which results in a deduction that is less than 50% of the total expense incurred.

8.        If meals provided to employees by the employer on the employee’s premises are for the convenience of the employer, then the
cost is considered a ‘de minimis’ fringe benefit. Therefore, the cost is 100% deductible to the employer and excluded from the employee’
s wages.

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, financial and estate planning, and abusive tax shelters.  He writes about 412(i), 419, and captive
insurance plans. He speaks at more than ten 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 Pubic 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 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.taxaudit419.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.






i,Penn Mutual412i,Bankers Life 412i,John Hancock 412i,Security Mutual 412i,412,Prudential 412i,Kansas City Life 412i,Mass Mutual412i,Guardian 412i,Amerus 412i,Benistar,SADI Trust,Beta 419,Millennium Plan,Bisys,Creative Services Group,Sterling
Benefit Plan,Compass 419,Niche 419,CRESP,Sea Nine Veba,American Benefits Trust,National Benefit Plan and Trust,ABT,Benistar 419 Plan,Millennium 419 Plan,Bisys 419,Creative Services Group 419 Plan,Sterling Benefit 419 Plan,CRESP 419,Sea Nine
Veba 419,National Benefit Plan and Trust 419,American Benefits Trust 419,ABT 419,Dennis Cunning,Steve Toth,Michael Sonnenberg,Larry Bell,Scott Ridge,Randall Smith,Greg Roper,Tracy Sunderlage,Kenny Hartstein,Ridge Plan,Professional Benefits Trust
Business Meals and Entertainment
Expenses
.
Tax Audit 419.com
Email Us and We
Will Call You at
YOUR
Convenience
Call 516
938-5007
To Get
Started
Resolving
This
Problem
NOW!

Our Experts
Operate
Nationwide
Copyright 2010 - Lance Wallach - All Rights Reserved