By Lance Wallach, CLU, CHFC
Abusive Tax Shelter, Listed Transaction, Reportable Transaction Expert Witness
Call Lance Wallach at (516) 938-5007
Abusive Tax Shelter, Listed Transaction, Reportable Transaction Expert Witness
Call Lance Wallach at (516) 938-5007
Lance Wallach
If you give the agents any opening, you're dead.
They'll start with soft background questions, but before
you know it, will have trapped you. And many questions won't be genuine-that
is, the agents already know the answers and are asking only to see if you
will lie or confess.
Questions typically asked by agents include:
Have you reported all of your income?
Where are your bank accounts and safe deposit boxes?
Can you tell us about the cars, boats, planes, and real
estate that you own?
What is the procedure for reporting sales in your
business?
Do you keep a lot of cash on hand?
Who are your business associates?
Have you traveled out of the country recently?
Have you or any of your businesses been audited?
Faced with a barrage of questions from trained agents who
show up unannounced, most people fall apart. They either blurt out a
confession or a transparent lie within five minutes. This gives the Justice
Department the rope to hang them with.
Don't Let that happen to you.
Contact Lance Wallach
His side has never lost a case.
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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 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. 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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