This holiday, the only turkey you encounter should be on your plate, covered in cranberry sauce. Tax expert Eva Rosenberg has heard plenty of bogus tax advice over the years, and she shares which "tax turkeys" to avoid this season. Her advice? If it seems too good to be true, it probably is. Here are her top tax schemes to avoid:
- Fund your business with tax-free money from your IRA.
- Transfer your assets to a religious organization.
- Fight your taxes as not being legal.
- Have your business write off all your personal expenses.
To read more about each of these schemes and how to avoid them, read Eva's full blog at http://tiny.cc/8fykt.
Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blog and CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investors.
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