NOT ALL TAX SHELTERS ARE LEGITIMATE and tax fraud does exist. Here are a few ways in which tax shelters can be fraudulent:
1. Tax shelters that hide money to avoid paying taxes are fraudulent
2. Buying or selling assets, goods or services at far below market value to chelter income in illegal
3. Charging an unusually high or low interest rate with the intent of hiding income in order to evade taxes is illegitimate.
Using offshore accounts to evade taes by investing or transfering money to a company outside the United States may be fraudulet if parking the money there is done with the putpose of lowering raxable income. If you are aware of tax fraud and wish to become an IRS whistleblower to recover awards up to 30% of the government recovery, contact attorney Jeffrey Newman.
