KENNETH ELLIOT: Defendant Kenneth Elliot

KENNETH ELLIOT: Defendant Kenneth Elliot: Defendant Kenneth Elliot personally and through both his employment with co-defendant Sea Nine Associates, Inc., a number of related entitie...

KENNETH ELLIOT

Tuesday, January 7, 2014

Sea Nine VEBA Important

As of August 23,2013, the IRS has closed audits of 12 Sea Nine VEBA plan-participating taxpayers who were referred to Sea Nine by Sarva. For those taxpayers alone , the IRS assessed a total of $4,852,106in additional taxes, or an average additional tax of $404,342 per audit. Because Sarva has acknowledged directing atleast  40 of his customers to Sea Nine , the total amount of harm to the Treasury he has caused through promotion of improper VEBA plans is likely almost four times higher.

RAMESH SARVA: Defendant Ramesh Sarva

RAMESH SARVA: Defendant Ramesh Sarva: Defendant Ramesh Sarva is a CPA who has been steering his customer toward VEBA plans for over 20 years- and in particular, toward Sea Nine-a...

RAMESH SARVA

Tuesday, January 7, 2014

SARVA

Defendants have also directly and indirectly promoted the VEBA plan scheme to prospective participants. Sarva for his part has been marketing Sea Nine's VEBA plans to customers across the United States for nearly 30 years- even before Elliot became involved- and continues to do this today.

Sarva- More You Should Know

Sarva has similarly made numerous false statements to his customers about the Sea Nine VEBA plans despite his notice that they are not compliant with Section 419A(f)(6). He touts his many years of work with Sea Nine VEBA plans to potential customers reassuring them that the plans are completely legal. He provides potential plan participants with materials (such as the legal opinions by Elliot and Sea Nine)  indicating that after 2004 the Sea Nine plans were not in conformity with the relevant provisions of the Tax Code. And he has promoted the concept that participation in the Sea Nine VEBA plans permits underscoring the cash value nature of the universal or whole life policies that the plans purchase for their participants, even though (noted above)  a VEBA plan that operates in this fashion evidences experience rating.

KENNETH ELLIOT: United States Of America, ...

KENNETH ELLIOT: United States Of America,                         ...: United States Of America,                                                            Oct. 9th 2013 Plantiff,        



                 ...

KENNETH ELLIOT

Tuesday, January 7, 2014

Defendant Kenneth Elliot

Defendant Kenneth Elliot personally and through both his employment with co-defendant Sea Nine Associates, Inc., a number of related entities he controls ( KAE Insurance Services, Inc., Vista Barranca, Inc., and Kae Consulting) and a network of affiliated third parties (e.g. independent certified public accountants,and financial planners) informs  potential participating companies that participating in a Veba plan provides them with a lucrative and tax advantage method to accrue wealth.

KENNETH ELLIOT: Sea Nine VEBA Important

KENNETH ELLIOT: Sea Nine VEBA Important: As of August 23,2013, the IRS has closed audits of 12 Sea Nine VEBA plan-participating taxpayers who were referred to Sea Nine by Sarva. For...

KENNETH ELLIOT

Tuesday, January 7, 2014

Sea Nine VEBA Important

As of August 23,2013, the IRS has closed audits of 12 Sea Nine VEBA plan-participating taxpayers who were referred to Sea Nine by Sarva. For those taxpayers alone , the IRS assessed a total of $4,852,106in additional taxes, or an average additional tax of $404,342 per audit. Because Sarva has acknowledged directing atleast  40 of his customers to Sea Nine , the total amount of harm to the Treasury he has caused through promotion of improper VEBA plans is likely almost four times higher.

KENNETH ELLIOT: Sea Nine VEBA Important

KENNETH ELLIOT: Sea Nine VEBA Important: As of August 23,2013, the IRS has closed audits of 12 Sea Nine VEBA plan-participating taxpayers who were referred to Sea Nine by Sarva. For...

6707A Penalties & 419 Plans Litigation

412i, 419e plans litigation and IRS Audit Experts for abusive insurance based plans deemed reportable or listed transactions by the IRS.

Friday, March 30, 2012

Court CaseSea Nine Veba

 As an expert witness in this case the claims against Lance Wallach’s client was dismissed.
Lance Wallach’s side has never lost a case.


J&M ASSOCIATES, INC. v. CALLAHAN
J&M ASSOCIATES, INC., Plaintiff, v. MARK C. CALL