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Most 419(e) plans are now in violation of the law and subject to large penalties ... see July 15, 2007 CPA Article.
IRS is auditing 412(i) and 419 plans
Deduct estate, business succession, and asset protection plans ... Turn your life insurance into tax deductions ... Reduce health insurance costs ...
Imagine a program that allowed large, flexible, tax-deductible contributions that accumulate and compound tax deferred. Distribution can be used tax free at any age for certain benefits. Assets are protected from creditors. Fully insured. and by a favorable letter of determination from the IRS granted tax-exempt trust status. If you don't have a Letter of Determination from the IRS, you don't have a VEBA. Please click on the letter below to read what a Letter of Determination says.
See various published articles on tax savings ideas, IRS crackdown, reducing healthcare costs, improving retirement plans, asset protection, estate planning, etc. ... from the National Society of Accountants Speaker of the Year.
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See the VEBA video
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VebaPlan.com
Lance Wallach, CLU, ChFC, CIMC
Email - lawallach@aol.com
Phone: (516) 938-5007
Fax: (516) 938-6330
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