Tax Planning: U.S.

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William's Tax Planning Blog

By William Perez, About.com Guide to Tax Planning since 2004

Avoid Tax Evasion Schemes

Monday March 14, 2005
Every year, people try to find creative ways to eliminate their taxes. There are perfectly legal ways to reduce your taxes to zero. Such strategies involve planning your household spending around tax-deductible items such as mortgages, college education, and child care. Some people, however, fall for various legal-sounding arguments to demonstrate that paying taxes is unconstitutional. The Supreme Court has rejected all such arguments, and the IRS is well aware of all these ploys. The IRS, in Notice 2005-30 (PDF document) has listed the most common arguments for avoiding income taxes. These arguments rest on unsound assumptions or misinterpretations of the law. You should avoid anyone who promises that you can "untax" yourself.

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Tax Planning: U.S.

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