This page was last updated on: May 28, 2013
The MLM WatchDog Gunship looking for Pyramids

1. If it sounds too good to be true it probably is. Remember US Citizens and Residents are taxed on their world wide income. The tax scammers play on your greed and natural desire to pay less tax. Pigs do get eaten. Even the best tax planning always leaves something on the table for the IRS; and, always involves full disclosure.

2. Asset Protection alone will never save you taxes. If somebody promises you that their "Special Asset Protection Plan" will save you taxes: RUN. You are in the hands of a scammer.

3. Always involve your personal attorney and accountant in whatever offshore tax planning you do. "Offshore" is a dangerous world if you go it alone or with an unknown "expert." Always check a person's references; and, even after this is done, use your accountant and lawyer as an additional filter. I will not assist with offshore tax planning unless the client's attorney and accountant are fully involved.
If the "expert" wants you to work just with him: Run.

4. If they tout "Bank Secrecy" as part of the process then, again: RUN. You are once again in the hands of a scammer. Readers of this newsletter know that bank secrecy is DEAD. Period. The IRS knows everything you are doing abroad; and, if you are relying on stealth then you are a fool. Proper tax planning (and it is possible to save some serious taxes using foreign structures if you actually do business abroad) always involves full disclosure to the IRS.

If the promoter of some structure is advocating stealth instead of full disclosure: RUN.                     

Rob Lambert


Please Take A Moment To Sign Our Guest Book:
Click Here: Sign
Click Here: View
Tell a friend about this page

powered by FreeFind

powered by FreeFind
Tell a friend about this page
WatchDog Online Magazine: Archives

Annual Network Marketing Cruise: Register TODAY!

DRA: MLM Distributor Rights Association: Meeting

JOIN Today! Watchdog Mail List
NetWork Marketing
MLM Watchdog(tm)
News letter & Magazine

MLM WatchDog Online Magazine: Archives INDEX
Annual Network Marketing Cruise: Register TODAY!
DRA: MLM Distributor Rights Association: Meeting
JOIN the MLM WatchDog Today! Watchdog Mail List
The contents of the MLM WatchDog are editorial in nature
and protected by First Amendment rights.
This site is partially supported by donations from paid subscribers, donations by 3rd partties and donations from America's MLM Consultants
the worlds leading MLM consultants for Network Marketing, Party Plans and MLM

MLM Watchdog(tm) ~ All Rights Reserved
Web Master: