
Lance Wallach
10K
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Lance Wallach Reviews
Anonymous
Abusive syndicated conservation easement deals remain a major focus for the IRS. These transactions generally use inflated appraisals of undeveloped land and partnerships devoid of legitimate business
Abusive syndicated conservation easement deals remain a major focus for the IRS. These transactions generally use inflated appraisals of undeveloped land and partnerships devoid of legitimate business purpose designed to generate inflated and unwarranted tax deductions. "Bogus syndicated conservation easement transactions undermine the public's trust in private land conservation and defraud the government," Rettig said. "Putting an end to these schemes is imperative." Abusive micro-captive insurance arrangements also remain a key focus of IRS enforcement. These deals are generally sold to owners of closely held entities. The deals commonly lack many of the necessary attributes of insurance, have excessive premiums, insure highly improbable risks and have no connection to genuine business and insurance needs.
1 comment
robett s
This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ
Verified ReviewerHelped fight IRs
audited and beat IRS and sued insurance agent who sold scam and got all money back
Reason of review:
Exactly as described/ advertised
7 comments
RICHARD C Exb
INSURANCE EXPERT AND TAX PRACTICE EXPERT AND EXEMPT ORGANIZATIONS AND TAX NOTES TODAY FEDERAL AND TAX NOTES FEDERAL : PRACTICE ARTICLES Abusive Insurance, Welfare Benefit, and Retirement Plans BY LANCE WALLACH|3/2