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Latest revision as of 03:24, 17 September 2024
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Note: Mcdougal is actually a CPA or tax technician. This article is for general information purposes, and will not be construed as tax advice. Readers are strongly motivated to consult their tax professional regarding their personal tax situation.
Large corporations use offshore tax shelters all the time but transfer pricing they do it legally. If they brought a tax auditor in and showed them everything they did, if the auditor was honest, he would say issues are perfectly small. That should also be your test. Ask yourself, when you brought an auditor in and showed them everything you did you reduce your tax load, would the auditor end up being agree all you did was legal and above ship?
If buy a national muni bond fund your interest income will be free of federal property taxes (but not state income taxes). If you're buy scenario muni bond fund that owns bonds from your personal home state this interest income will be "double-tax free" for both federal assuring income value-added tax.
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Avoid the Scams: Wesley Snipe's defense is that she was the victim of crooked advisers. He was given bad advice and acted on doing it. Many others have become victims of so-called tax "professionals" which were really scammers in undercover dress. Make sure to exploration research and hire only legitimate tax professionals. Be very careful of what advice you follow in support of hire professionals that can easily trust.
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