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YOU CAN AVOID TAXES WITH ASSET PROTECTION!
If anyone tells you that you can avoid taxes with an asset protection plan you should leave or hang-up. Asset protection planning will not save you a penny on income tax (may help with estate taxes)
JUST PUT YOUR MONEY WITH A FOREIGN TRUST COMPANY!
NEVER trust a foreign trustee (or anybody else) with your hard earned money until you do your research or hire a qualified planner. If you are told you have to "trust" somebody else while you're not under attack, move on to the next advisor.
WE'LL ENCUMBER YOUR PROPERTY SO THERE’S NO EQUITY IN IT!
If anyone suggests that a related entity encumber your assets with false loans, get away. This is a popular scam and it doesn't work (but it will cost you a lot of money and trouble).
YOU DON'T HAVE TO PAY TAXES ON OFFSHORE ASSETS UNTIL YOU BRING THEM BACK TO THE USA!
If a promoter tells you that the IRS can’t find or tax an offshore account you should avoid this person because they are mistaken. The U.S. Treasury Department currently has numerous people working in FINCEN (financial investigation unit). Their purpose is to locate foreign accounts that are hidden. Keeping this type of account is a crime. Bear in mind, citizens or residents of the United States are taxed on their worldwide income “from whatever source derived.”
NEVADA IS TAX FREE!
Just because you incorporate in Nevada does not mean you will save any taxes. It is not even a very sturdy asset protection plan. Even if you incorporate in Nevada but do substantial business elsewhere, you will pay taxes in the place of business outside of Nevada. Something eager promoters forget to tell you until its too late.
JUST DON'T TELL THEM ABOUT IT!
You should not have to lie in order to protect your assets. Asset protection should work because it is done properly. You should never be put into a position where your protection depends on dishonesty.
WE’LL PUT IT IN YOUR SPOUSE’S NAME!
This almost never works unless you were planning on gifting the assets long ago and have already done so in a legal instrument.
COME TO MY FREE SEMINAR AND BUY MY BOOKS TO DO IT YOURSELF!
You get what you pay for is the old adage and believe me it holds true when your doing asset protection. Just like we leave medicine in the hands of doctors you need to bow out and leave asset protection in the hands of a professional. Sometimes the most expensive advice you’ll get is free advice.
PURE TRUSTS or CONSTITUTIONAL TRUSTS!
The fraud doesn’t get any thicker than with one of these plans. The idea is that you place everything you own, even the kitchen sink into corporations and trusts. Some pathetic victims of this scam refuse to believe that this won’t work. The IRS is aggressive about attacking this type of formation. If you have the choice of drawing attention and avoiding attention, I think most of you would opt with avoiding attention. This is a sure way of taking long painful showers with Bubba in a penitentiary.
OFFSHORE BANK ACCOUNTS or CREDIT CARDS!
Offshore accounts are very safe if done properly by reporting them; however, THEY WILL NOT SAVE TAXES. Watch out for the "offshore credit card" which will cost you a ton of money and time in the slammer if you aren’t ripped off in the bargain.
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