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> I'd like to hear from anyone who takes the time to look at these 2
> web sites. I found them to be very interesting and worth the time to
> research further....
Looks to me like a good way to end up in the pokey with a huge
penalty. These people who claim "there is no law that says the IRS
can collect taxes" are dreaming. Like it or not, the IRS has the
power to collect taxes AND the power to punish dodgers, whether or
not they have the "moral authority" to do so. You can take a stand
on this if you like, but be prepared for major harrassment and
probably severe penalties.
I'm a lot more interested in ways to **legitimately** reduce taxes.
There ARE ways to do it, although it gets harder all the time. E.g.
the gummint has been cracking down on VEBAs lately so now it's nearly
impossible to withdraw funds from a VEBA before you die. But there
are still some ways to shelter income.
Is anyone familiar with Merrill Scott & Associates? (Web site at
http://www.merrillscott.com.) This company is based in the Bahamas
with U.S. headquarters in Salt Lake. They claim to be able to
dramatically reduce your taxes through the use of offshore trusts &
the like. I am nervous about strategies like this because 1) the IRS
may summarily deny it anyway, and 2) in order to avoid taxes on the
money in the trust, I believe you essentially can't own or control
the money in the trust, so what's to keep the trustee from absconding
with your funds and retiring in Rio?
I'd like to talk to anyone with experience in this area. Reply
privately if you prefer.
Gary
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