Jump to content

swiss annuity vs IRS crackdown on accountants

Guest VEBAPLAN

By Guest VEBAPLAN
in Estate Planning Aspects of IRAs and Retirement Plans

 Share

Recommended Posts

Ron Snyder

Ron Snyder

Posted
Posted

The article has nothing to do with the heading "swiss annuity vs IRS". Most Swiss annuities are compliant with US tax laws. And since they provide tax-deferred inside buildup, there is no taxable income to disclose to IRS until the contract is surrendered or withdrawals are taken.

This article should be deleted since you posted it on another thread already.

J Simmons

J Simmons

Posted
Posted
Blinky the 3-eye...

You added me as a friend? I find your posts to be self-indulgent and wasteful of my time.

Wow! There must an alternate universe that Lance inhabits.

John Simmons

johnsimmonslaw@gmail.com

Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

The man that has been removing the posts can give the details.

  • 4 weeks later...
Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

I am going to Switzerland to learn more about Swiss Annuities, so start thinking of questions.

  • 1 month later...
Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Leaving Thursday for Switzerland to study how to use a Swiss Annuity to asset protect homes etc. Was told that if you disclose it is legal in US and is a great way to asset protect things, without using trusts. Also told that they had other great uses. A publisher wants a book on point. Anyone with questions please contine to contact me. So far they were great questions. 516 9385007 lanwalla@aol.com Lance Wallach

Ron Snyder

Ron Snyder

Posted
Posted

I would be concerned about the advice you receive from a Swiss firm about applicability of US laws (tax, insurance or otherwise) to the purchase of Swiss annuities. The information then can give you will likely be correct for Swiss residents, but may or may not be correct for US residents. Moreover, since so-called "Swiss annuities" are a form of variable annuities that provide a choice of index and a choice of currency, they are securities under US law. It is my understanding that recommending them to US residents would likely violate US securities laws. While writing a book in general terms is not a "recommendation" per se, having people contact you so that you can guide them through the process is likely to violate US securities laws. Be careful. You may come back from Switzerland unable to discuss what you have learned. You are highly focused on getting on IRS's bad side. The SEC is every bit as tough.

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

You are correct on all counts. Need the info for a book. Not selling anything. They already told me this, as did my atty. but as always thanks for the good advise Need some a watch or another swiss army knife?

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Back with great suff for the new book for Wiley and Bisk, maybe they will give members a discount, mention my name to buy two but pay for three. That is what some of you sell to your clients. lol Ron anything illegal about me buying a lot of Swiss Francs as a hedge agains the Obama Dollar, sure to be a great investment.

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Doing a book on why asset protection trusts dont work and solutions. Anyone want to help?

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Can still use one more person on this, thanks.

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Still can use help thanks.

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Thanks to all that helped. Still need a little help for the book with asset protection, thanks.

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Can use one more person

  • 2 weeks later...
Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Just a little more help from an atty needed, thanks

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Still need some content.

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Still need help thanks

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

still need help

  • 3 months later...
Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

need help with gifts and estates book/

  • 2 weeks later...
Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Was just told about raid yesterday. Anyone have knowledge about IRS raid on Benestar?

Ron Snyder

Ron Snyder

Posted
Posted

Nothing about it on their webpage Benestar.

Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted
Nothing about it on their webpage Benestar.
Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

I was told IRS took all computers etc

david rigby

david rigby

Posted
Posted
I was told IRS took all computers etc

Lance, this is nothing more than a rumor, which is not useful to anyone.

If you have additional details or sources of information, please post them.

Thank you.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

GMK

GMK

Posted
Posted
Lance, this is nothing more than a rumor, which is not useful to anyone.

Au contraire, Mr. Rigby. It is greatly useful to one person.

The rumor (I wonder who started it?) is Mr. Wallach's excuse for resurrecting his tiresome old posts, which (bottom line:) serve as a cover for him to advertise here for free. Boo. Hiss.

Seriously (not), since Lance is THE expert in this field, having never lost a case, I'd expect him to have the answers about the "raid on Benestar." Well, as long as he asked, "someone" told me that the "raid" was nothing more than a visit to pick up some extra computers for the SEC.

Now, I'm going back to ignoring him and using the [Report!] button.

  • 3 weeks later...
Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

now you scammers cant sell the abusive plan anymore. go on the net and find a new scam to sell.

  • 2 weeks later...
Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

On or after June 1 IRS will start the fines.

  • 3 weeks later...
Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

Another two calls already this morning.

  • 2 weeks later...
Guest VEBAPLAN

Guest VEBAPLAN

Posted
Posted

43 calls this month about fines.

Guest
This topic is now closed to further replies.
 Share
Go to topic listing
×
×
  • Create New...

Important Information

Terms of Use

  I accept