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Latest revision as of 13:15, 5 March 2025
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B) Interest earned, however, not paid, during a bond year, must be accrued following the bond year and reported as taxable income for the calendar year in the fact that bond year ends.
Offshore Strategies - A traditional area of angst for your IRS, offshore strategies in order to be closely watched. The IRS is hyper understanding of such strategies and attempts to shut them down. In 2005, 68 individuals were charged and convicted for promotion offshore tax scams and a great deal of taxpayers were audited with nightmarish good results. If you want to go offshore, you should definitely get qualified advice out of your tax professional and legal representative. Don't buy something off a web-site.
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