Participated in a Sea Nine VEBA plan? Contact Lance Wallach: IRS to Audit Sea Nine VEBA Participating Employers
Participated in a Sea Nine VEBA plan_Contact Lance Wallach: IRS to Audit Sea Nine VEBA Participating Employers...: By Lance Wallach, CLU, CHFC Abusive Tax Shelter, Listed Transaction, Reportable Transaction Expert Witness Call...
Subscribe to:
Post Comments (Atom)
RAMESH SARVA
ReplyDeleteTuesday, January 7, 2014
Sarva- More You Should Know
Sarva has similarly made numerous false statements to his customers about the Sea Nine VEBA plans despite his notice that they are not compliant with Section 419A(f)(6). He touts his many years of work with Sea Nine VEBA plans to potential customers reassuring them that the plans are completely legal. He provides potential plan participants with materials (such as the legal opinions by Elliot and Sea Nine) indicating that after 2004 the Sea Nine plans were not in conformity with the relevant provisions of the Tax Code. And he has promoted the concept that participation in the Sea Nine VEBA plans permits underscoring the cash value nature of the universal or whole life policies that the plans purchase for their participants, even though (noted above) a VEBA plan that operates in this fashion evidences experience rating.
Posted by Lance Wallach at 11:05 AM