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Abusive Tax Shelters
If the promotion you are considering sounds too good to be true it may be an abusive tax
shelter. It's worth your time to learn more about the legal/tax consequences of the promotion you are considering
investing in. The penalties, interest, and legal costs associated with an abusive tax promotion are significant (and
these are in addition to the tax due and fees you paid for the promotion). Visit the IRS website for a list of common
abusive tax shelters and where to go for help. Read
more...
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