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Copyright (C) 2010 Lance Wallach

How to Find the Right Experts to Guide You Through These Times
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By Lance Wallach

The Commercial Flooring Report  January 2009


These days, business owners have a lot on their plates. Not only do they have  businesses to run,
but they need to have the resources to operate, manage, and flourish those  businesses in order to
stay afloat. Without serious knowledge of things like finances, taxes, tax audits, and retirement
plans, it's hard to keep a shop open for business and to ensure that your future is in good hands.
Especially now, as the economy begins to change, it is smart to look into different ways to secure
your future and money. Recent well documented events have made it increasingly important to
educate yourself on how to handle such endeavors correctly.
Thousands of businesses have closed as a result of bankruptcy, corrupt policies,  lowered sales,
and other factors, often because issues that seemingly, in hindsight, should have been obvious
were overlooked. In this environment, more than ever, you simply cannot afford mistakes or
omissions with respect to your finances. Such mistakes can result in audits and other problems
that could eventually lead to the closing of your establishment. Being aware of the amount of debt
that you are carrying, when your sales tend to plummet, and your number of employees are three
trivial yet important aspects of watching your money. Websites such as IRS.gov, financeExperts.
org, and taxlibrary.us are resources that can help make sure that there are often neglected, things
ZERO unpleasant surprises in your numbers. Additionally, keeping accurate records and
constantly double checking your numbers are two obvious, yet that you should do. So the question
stands: how knowledgeable are you about your own finances?

Many of you have received information about the current state of your investments in the past few
months.  Sticker shock would be an understatement. Thousands have been lost as a direct result
of the fiascoes constantly occurring as of this writing. Savings that would not only brighten your
futures, but in many cases investments that you planned to use for your children's educations, are
gone. The downward spiral will continue, as the shrapnel from these events moves throughout our
failing economy. It won't stop in the foreseeable future, and it will entail more than just monetary
losses. The watchdog agencies that will now have to redeem themselves for failing to perform their
regulatory functions, leading at least in part to all of these failures, will respond with increased
scrutiny of American citizens and businesses in every manner imaginable. Trust me, no stone will
be left unturned, including that of increased IRS audits for the express purpose of raising money,
which in fact has already started.

     All of which is why treading water in the tide of an ebbing economy is not a solution.
     It would appear that the seemingly indestructible giants of Wall Street have begun to crumble.
Lehman Brothers is no more, Merrill Lynch has been taken down a peg or two, and now, disaster
is apparently looming over Morgan Stanley. To say nothing of the looming threat to the consumer
banking industry. As industry insiders, we've seen the writing on the wall for quite some time. Now,
everybody else can see it, too.

    In this day, the veil has been pulled back on the stock market's heavy hitters. Consumers now
know there is indeed no "wizard" behind the curtain, just a few individuals in designer suits pulling
down astronomical sums of money for the advice they send down from on high. Who can forget the
images of the Lehman Brothers employees in New York City, emptying their offices into boxes and
carrying them down Seventh Avenue? As sad as it was to see, it was a day we all had the feeling
was coming, right? But now that it's here, why don't we feel any better?

    The hopes of many investors in the stock market have been shaken to the core, but we cannot
forget about the morose consumers and business owners. A number of individuals are suffering
the potentially substantial loss (or potential loss) of their hard-earned money in a volatile market.
Consumers need advisors who can guide them toward a safe harbor. As previously mentioned,
financeexperts.org can give you the help you need in this failing economy. The leading authorities
are members, and will most likely give helpful feedback. Consumers are fearful, and if they say
they aren't, it's probable that they aren't being honest. For most Americans today, a stress free
retirement is looking more and more impossible, and the difficulties looming between ourselves
and that goal seem insurmountable.  But things do not have to look and seem so bleak.

   In a sense of the word, we feel compassion. Too many scoundrels plague Wall Street but, to
some degree, we all feel the brunt. Be it for the out of work traders and brokers, or the investors
who are wondering what is going to happen to their futures, we all feel some concern. But when it
comes to who will receive most of our compassion, my money is on the investors. We hate to have
an "I told you so" attitude, but at times it is hard to avoid. However, rather than dwell on this
compassion, why not capitalize on it? Often unforeseen opportunities arise from the ashes of
situations such as these. In fact, many such opportunities are available as I write this. They will be
taken advantage of by those with the imagination and talent to position themselves to do so.

  By reading this, you may be off to a good start. There are many ideas you will get from our
leading finance experts to better run your business, reduce taxes and insurance costs, and much
more. You will learn how to avoid audits, which are already up fifty (50) percent and are expected
to increase further still, and turn your accountant into your protector instead of a tax collector. You
will learn from Lance Wallach, who, as an American Institute of CPAs instructor and course
developer, teaches CPAs. Lance also draws upon the knowledge and expertise of his associates,
who are the leading finance experts in the United States. None of them work for any of the firms
that were affected by the recent and ongoing financial fiascoes. Many of them perceived the arrival
of these problems, and only their clients benefited because most other business people were too
busy buying products from stockbrokers, insurance agents, and so-called financial planners who
did not know what was going on. In Lance's spare time, between speaking at conventions, writing
and helping a select few business owners, Lance appears as an expert witness. In fact, for two
days in Sept 2008, Lance Wallach testified as an expert witness in Federal Court for a business
owner that was sold a faulty financial product by a combination of his accountant and a so-called
retirement plan expert. After Lance completed his testimony, the judge call the retirement plan
salesman a "crook" and said that he should settle with the plaintiff. He did not, and the jury
awarded the business owner TWICE what he had sued for. As a side note, Lance had advised the
lawyer that this was a so called "ERISA case" and instead of the $400,000 that the business
owner was suing for, $800,000 (double damages, as is possible in "ERISA" cases), could be
awarded if the jury felt that was appropriate.

The point is that, under no circumstances, should you be forced to lay down and take the abuse
and malpractice that most salespeople pin on you. Get your financial and business affairs in order,
and, if necessary, take some action! Take some serious action!


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.



"LANCE WALLACH" is the nation's leading expert in these matters and how it all relates to
you and the IRS. Mr. Wallach testifies as an
"expert witness" in cases involving these
plans and his side has
never lost a case. Lance and his team of insurance, legal, and
accounting professionals, as well as former IRS agents, have saved his clients hundreds
of thousands of dollars in anticipated IRS penalties.

Call the
"Tax Resolution Offices" of Lance Wallach now for a FREE 5 minute telephone
consultation. Let us deal with the headaches so you don't have to!

We help clients with:
  • "IRS audit defense"
  • "IRS tax penalties" relating to "419e plans"
  • "412i plans"
  • "employee benefit plans"
  • "corporation income taxes"
  • "listed transactions"
  • abusive "tax shelters"
  • "IRS appeals"
  • "IRS Offer in Compromise"
  • "tax settlements"
  • "benefit plan" reviews
  • "insurance company plan loss recovery"
  • "benefit plan" remediation for profession practices and small business corporations,
  • and "IRS audit defense" representation.

“abusive tax shelter help” "tax letter" "irs letter" "irs letters" "irs determination letter" 419e 412i 6707a "form 8886" "listed transactions" "abusive tax shelter assistance" "irs penalty
abatement" "expert witness irs" veba "expert witness services" "expert witness irs help" "pension audit" "Grist Mill Trust" Benistar "SADI Trust" "Beta 419" "Millennium Plan" Bisys
"Creative Services Group" "Sterling Benefit Plan" "Compass 419" Niche  "Sea Nine Veba" 419 412i 419e "expert witness insurance" "welfare benefit plans" "419 plan help" "expert
witness irs" “abusive tax shelter help” “irs appeal” “tax resolution services” “insurance expert witnesses” “pension plan audit” “tax preparer penalties” “tax audit defense” “business
tax audit” “tax penalty abatement” “irs tax problems” “circular 230” “retirement tax shelters” “health insurance fraud” “employer insurance fraud” “irs trouble” “unfiled tax returns”
“unfiled taxes” 419 412i "listed transactions" "form 8886" 6707A "tax shelters" "IRS audit defense" "expert witness irs help" "welfare benefit plan help" "419 plan help" "irs penalty
abatement"  "fight the irs" "412i retirement plans" "tax resolution services" "irs problem solvers" "how to avoid irs audit" "abusive tax shelter help"
The IRS Dog's Pack Practices Nationwide

Don't waste any more time chasing your tail!
“abusive tax shelter help” "tax letter" "irs letter" "irs letters" "irs determination letter" 419e 412i 6707a "form 8886" "listed transactions" "abusive tax shelter assistance" "irs penalty
abatement" "expert witness irs" veba "expert witness services" "expert witness irs help" "pension audit" "Grist Mill Trust" Benistar "SADI Trust" "Beta 419" "Millennium Plan" Bisys
"Creative Services Group" "Sterling Benefit Plan" "Compass 419" Niche  "Sea Nine Veba" 419 412i 419e "expert witness insurance" "welfare benefit plans" "419 plan help" "expert
witness irs" “abusive tax shelter help” “irs appeal” “tax resolution services” “insurance expert witnesses” “pension plan audit” “tax preparer penalties” “tax audit defense” “business
tax audit” “tax penalty abatement” “irs tax problems” “circular 230” “retirement tax shelters” “health insurance fraud” “employer insurance fraud” “irs trouble” “unfiled tax returns”
“unfiled taxes” 419 412i "listed transactions" "form 8886" 6707A "tax shelters" "IRS audit defense" "expert witness irs help" "welfare benefit plan help" "419 plan help" "irs penalty
abatement"  "fight the irs" "412i retirement plans" "tax resolution services" "irs problem solvers" "how to avoid irs audit" "abusive tax shelter help"
Call 516 - 938 - 5007
or
email: wallachinc@gmail.com