!DOCTYPE html> Tax Pert | Abusive Tax Shelters | A Tax Consulting Site

Abusive tax shelters don’t have to be enormous multi-million dollar tax schemes: they can involve simple trust arrangements, offshore tax schemes, and the use of multiple pass-through companies (like Limited Liability Companies (LLCs) and Limited Liability Partnerships (LLPs)) to hide ownership of the taxable income and/or assets.

Remember that when something feels “too good to be true,” it probably is: you generally can’t legally avoid taxation by creating multiple layers of companies or trusts or by manipulating the ownership of assets.

Legitimate tax planning is not the same as tax evasion.

Don’t get sucked into schemes promoted by advisors who promise you that you can permanently avoid taxation by buying their shelters and/products.