There are a lot of folks out there peddling tax strategies that promise to help you avoid paying federal income taxes.
If you are considering adopting one of these strategies, here’s my advice:
- Turn around
- Run as fast as you can
You see, if you do what the fraudsters suggest, you could wind up paying massive penalties or even face jail time.
Want to learn how to tell the difference between genuine tax-saving strategies, (the kind you’ll find in the Tax Reduction Letter), and fraudulent ones that will get you in hot water?
Read my new article titled Tax Tips: If You Hear This Advice on How to Cut Your Taxes, Stay Away!
Three ways our fact-filled article can help you:
- We’ll tell you which strategies you should never use. The IRS has compiled a list of specious arguments they’ve heard before and will categorically reject. We’ll list all ten of these IRS-defined “frivolous tax arguments” when you read the full article.
- You’ll learn the price you’ll pay if you “willfully attempt to evade or defeat” paying taxes. The price is horrendous. I’m talking about huge fines and jail time. Want to see a list of penalties you could face for understating your taxes or not filing your returns on time? Read the full article.
- We’ll tell you the sad case of Carter White Rae. Dr. Rae, a dentist in Michigan, adopted a terrible tax-avoidance strategy. He filed tax returns every year, but instead of paying taxes with his returns, he provided a long list of reasons why he didn’t have to pay. The result? He had to shell out $550,000 and was sentenced to forty-five months in prison. Want reliable tips on how to stay on the right side of the law? Read the full article.