This guy is completely full of it. None of your employer’s contribution to your 401k is taxed upfront, and none of it is subject to Medicare/Social Security ever. Almost nobody adds contributions to their 401k beyond the pretax limit. This guy is telling lies to sell a crappy product.
@HumanEndgameWithNico Жыл бұрын
does a life insurance agent collect a commission by going to a life settlement company and giving them new business that they otherwise would not have had.
@kukurei Жыл бұрын
Can you use index universal life?
@user-bp2jf8np1i Жыл бұрын
Yes
@seanrowe8894 Жыл бұрын
Question..if a person has fixed annuities for life ..let's say by Transamerica. Does the annuitor own the policy? Or would transamerica corporation own annuity policy? I thought annuit is same as owner?
@johnscottyoutube Жыл бұрын
Amazing training
@davidduncan8244 Жыл бұрын
What would it be like to have a process that worked thank you
@usmcimracer2 жыл бұрын
🤝🫶👏
@usmcimracer2 жыл бұрын
🫡
@stephenbryant52512 жыл бұрын
I disagree with this video. You become an expert when you have a degree.
@TheFinancialAdvocacyPodcast Жыл бұрын
You're too new in this business if that's what you believe.
@namikoburbridge72822 жыл бұрын
good
@rrrrrrrr10362 жыл бұрын
This video started playing randomly after I stepped away from watching a different video on the general topic of "captive market." The funny thing is, I worked as an Associate Agent in the same office as this speaker Wes Sierk when he was still a young agent at Northwestern Mutual in DTLA back in 1998. Small world and good to see he's still at it.
@lancewallach3532 жыл бұрын
IRS practice is to identify Promoters who are selling captive insurance companies and to open audits of the Promoters. From those audits, the IRS obtains customer lists and opens individual audits of the customers.
@lancewallach3532 жыл бұрын
IRS practice is to identify Promoters who are selling captive insurance companies and to open audits of the Promoters. From those audits, the IRS obtains customer lists and opens individual audits of the customers.
@boakyedankwah17912 жыл бұрын
On stage 1
@edrodgers45812 жыл бұрын
I live in a complex full of old people. Everyone I speak with is getting a monthly Federal welfare check. I mostly worked for cash. How can I collect a monthly welfare, SS, check?
@juanzapata77012 жыл бұрын
LTC is something that many people overlook in their retirement plan.
@nathanielcormier49302 жыл бұрын
Nice information
@bobby92923 жыл бұрын
Very Nicee ( In Borats voice)
@jimdake35713 жыл бұрын
Anytime this business gets challenging - watch Joe talk about the WHY!
@tothihonghanh68813 жыл бұрын
Very good and funny videos bring a great sense of entertainment!
@travisbrown33073 жыл бұрын
Steve rockin the sport coat and short shelves - screams he may have a future in middle management. Jerry's sideburns attempt to fill the gap for his lack of content. Do yourself a favor and don't watch this video.
@ThreeLions823 жыл бұрын
Could you do one for foreign Corporations being double taxed and how to avoid it. Thank you.
@bluecollarbullionballer42693 жыл бұрын
Could you compare a roth 457 to a IUL would be interested because I have both.
@GOATSpainard3 жыл бұрын
She is speeding up the way she speaks because he keeps interrupting her lol
@lancewallach32013 жыл бұрын
Microcaptives continue to be subject to heightened IRS scrutiny. Accordingly, taxpayers that own microcaptives should consider reviewing existing arrangements to analyze whether all requirements have been met to support continued qualification as an insurance company for federal income tax purposes. Contact Lance Wallach for assistance with all your tax needs. 516-236-8440 [email protected]
@joshuarossman39663 жыл бұрын
you want to sell your life insurance policy, you want to speak to the team at mrefinance.com
@b0borden4373 жыл бұрын
This was posted in 2015, is it still the same in 2021?
@williamsjohnson40093 жыл бұрын
*vecbud* on telegram never disappoint me.what honest man.he credit me for referring my friend, I promise you man I referring you more
@lancewallach32013 жыл бұрын
The Supreme Court rarely hears tax cases which makes the recent oral arguments in CIC Services v IRS exciting. That is about all that makes them exciting to ordinary mortals as what was going on at the Supreme Court was an argument about whether they could have an argument. In 2017, CIC Services and Ryan LLC brought an action in the United States District Court for the Eastern District of Tennessee asking to set aside IRS Notice 2016-66 as modified by IRS Notice 2017-08. Both the District Court and the Sixth Circuit ruled that the action was barred by the Anti Injunction Act. The notices concern micro-captive transactions. Micro-captive has a science fiction sound to it, Makes me think of Kandor - the Kryptonian city in a bottle that Superman kept in his Fortress of Solitude. That's not it, though. It is about insurance, sort of. Simplistically, a captive is an insurance company that is owned by the insured or related parties. Micro means it takes in less than $2.3 million in premiums. (I'm simplifying. The threshold has been changing. [email protected] 516-236-8440
@lancewallach32013 жыл бұрын
The Internal Revenue Service (IRS) has targeted micro captives for years, but in more recent times they have ramped up their efforts to do so, including them on its ‘Dirty Dozen’ list of tax scams since 2014, along with other actions. In 2016, the Department of Treasury and IRS issued Notice 2016-66, which formally labelled micro captives as ‘transactions of interest’. The IRS advised that these transactions have the potential for tax avoidance or evasion. Contact Lance Wallach and get your money back from the promoters of these scams. 516-236-8440 [email protected]
@lancewallach32013 жыл бұрын
Taxpayers who engaged in abusive micro-captive transactions should consult an independent tax advisor prior to filing their 2020 tax returns. Taxpayers should consider exiting the transaction and not reporting deductions associated with these transactions. Contact Lance Wallach for assistance 516-236-8440 [email protected]
@lancewallach32013 жыл бұрын
micro-captives and other similar arrangements clearly will continue to be the subject of heightened IRS attention. Therefore, companies with Section 831(b) micro-captives should review existing arrangements for continuing qualification as an insurance company for federal income tax purposes. Contact Lance Wallach and get your money back from the promoters of these scams. 516-236-8440 [email protected]
@lancewallach32013 жыл бұрын
The IRS has been targeting abuse of micro-captive insurance companies for some time now. In 2014, these schemes were listed on the “Dirty Dozen” list of tax scams that the IRS issued, and the IRS included micro-captive insurance schemes in Notice 2016-66 that it issued in 2016. Some taxpayers have challenged the IRS when it disallowed tax benefits under micro-captive insurance companies, but the IRS has consistently prevailed in court. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The Internal Revenue Service (IRS) has targeted micro captives for years, but in more recent times they have ramped up their efforts to do so, including them on its ‘Dirty Dozen’ list of tax scams since 2014, along with other actions. In 2016, the Department of Treasury and IRS issued Notice 2016-66, which formally labelled micro captives as ‘transactions of interest’. The IRS advised that these transactions have the potential for tax avoidance or evasion. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The Internal Revenue Service (IRS) has targeted micro captives for years, but in more recent times they have ramped up their efforts to do so, including them on its ‘Dirty Dozen’ list of tax scams since 2014, along with other actions. In 2016, the Department of Treasury and IRS issued Notice 2016-66, which formally labelled micro captives as ‘transactions of interest’. The IRS advised that these transactions have the potential for tax avoidance or evasion. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The Internal Revenue Service (IRS) has targeted micro captives for years, but in more recent times they have ramped up their efforts to do so, including them on its ‘Dirty Dozen’ list of tax scams since 2014, along with other actions. In 2016, the Department of Treasury and IRS issued Notice 2016-66, which formally labelled micro captives as ‘transactions of interest’. The IRS advised that these transactions have the potential for tax avoidance or evasion. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The Internal Revenue Service (IRS) has targeted micro captives for years, but in more recent times they have ramped up their efforts to do so, including them on its ‘Dirty Dozen’ list of tax scams since 2014, along with other actions. In 2016, the Department of Treasury and IRS issued Notice 2016-66, which formally labelled micro captives as ‘transactions of interest’. The IRS advised that these transactions have the potential for tax avoidance or evasion. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS has made it clear that it will continue its enforcement efforts related to small captive insurance transactions. In its Jan. 31, 2020, announcement, the IRS also announced that it is forming 12 new examination teams comprised of employees from the IRS Large Business and International and Small Business/Self-Employed divisions to examine captive insurance transactions. The IRS announcement indicated that examinations impacting “several thousand taxpayers” will be opened by the 12 new examination teams. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS started its coordinated program targeting Section 831(b) captive insurance companies with their inclusion on its annual “Dirty Dozen” list starting in 2014. Those efforts increased with the release of Notice 2016-66 in November 2016. Notice 2016-66 made transactions with small captive insurance companies “Transactions of Interest” and required all taxpayers engaged in such transactions to disclose their participation in captive insurance transactions to the Office of Tax Shelter Analysis on Form 8886. Failure to properly disclose participation in such transactions can result in significant civil penalties. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS started its coordinated program targeting Section 831(b) captive insurance companies with their inclusion on its annual “Dirty Dozen” list starting in 2014. Those efforts increased with the release of Notice 2016-66 in November 2016. Notice 2016-66 made transactions with small captive insurance companies “Transactions of Interest” and required all taxpayers engaged in such transactions to disclose their participation in captive insurance transactions to the Office of Tax Shelter Analysis on Form 8886. Failure to properly disclose participation in such transactions can result in significant civil penalties. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]
@lancewallach28454 жыл бұрын
The IRS started its coordinated program targeting Section 831(b) captive insurance companies with their inclusion on its annual “Dirty Dozen” list starting in 2014. Those efforts increased with the release of Notice 2016-66 in November 2016. Notice 2016-66 made transactions with small captive insurance companies “Transactions of Interest” and required all taxpayers engaged in such transactions to disclose their participation in captive insurance transactions to the Office of Tax Shelter Analysis on Form 8886. Failure to properly disclose participation in such transactions can result in significant civil penalties. Lance Wallach receives hundreds of calls annually to help people fight the IRS and get their money back from the promoters of these scams. Google Lance Wallach and your advisor, who do you trust? 516-236-8440 [email protected]