There's A Big Difference Between Tax Avoidance & Tax Evasion ... It's about 20 years in Prison. Don't fall for a Tax Evasion Scheme like this. What's crazy to me is the amount of absolute misinformation that exists on social media about financial content. You see, 508C1A refers to a section of the Internal Revenue Code that deals with how churches and related religious organizations can set themselves up as charitable entities, without going through all the same steps as a 501(c) organization. H
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🚨 BE CAREFUL | TAX EVASION VS. TAX AVOIDANCE 🚨 The post shared here is filled with risky practices that could lead to tax evasion if you're not careful. Let’s break down the main issues: 1️⃣ LLC Transfer for Anonymity This creator suggested buying property in one LLC (which holds the mortgage), then transferring it to another LLC for “anonymity.” But here's the problem: transferring a property can trigger a due-on-sale clause in your mortgage, forcing you to have to pay off the loan immediatel
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