For my graduate course, I was asked to write a paper on sheltering income from the IRS and then being able to have access to same funds without them knowing.
I don't think this is possible, but I don't think "that's not possible" will take up 10 pages of work.
Any links to if or how it CAN be done?
2007-03-12 12:44:25 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The simple answer is to be paid in cash off the books and to keep the money out of a bank if you are talking about relatively small amounts of money.
2007-03-12 14:03:17 · answer #1 · answered by TaxGurl 6 · 0⤊ 0⤋
The best legal shelters are offshore perpetual Trusts controlled by trustees with you named as a beneficiary of the trust, which is linked to and owned by a Corporation or company! thats all I am going to say to you !
2007-03-12 19:50:37 · answer #2 · answered by Latin Techie 7 · 0⤊ 2⤋