Posted by DEPUTY DOG on September 25, 1998 at 23:36:36:
In Reply to: Previous Online Fraud Warnings posted by DEPUTY DOG on September 25, 1998 at 23:11:36:
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: Previous Online Fraud Warnings
: Tuesday, July 24, 1996
: YOU DON'T OWE TAXES? TRY CONVINCING THE IRS.
: Every year Americans all over the country play the same game, trying to pay as little as possible to Uncle Sam. A method often touted on the Internet is the use off shore tax havens. Criminals advertise these schemes on the Internet as "tax avoidance opportunities" or "tax havens." The IRS calls it tax evasion and a felony. The websites even ask if consumers want to pay less in taxes. Such schemes almost always involve setting up a trust in Central America or the Caribbean. The consumer then places all of his/her earnings and assets into the trust. Finally, a trustee administers these assets and pays the consumer's bills (imagine putting all your money in the hands of a complete stranger). In this way, it is claimed that the consumer has no income or assets. The crooks charge large fees to create the initial legal arrangements. Then, to keep themselves out of legal trouble, they always include a disclaimer that the consumer still owes the relevant taxes to the appropriate authorities. When the IRS takes legal action, the crook can claim that it was the consumer and not the trust organizer that's responsible for any illegal activity. Don't set yourself up to loose hundreds of dollars to a crook and still have to pay taxes and late fees or even face criminal charges. If you are unsure as to the legality of an investment opportunity or tax shelter, ask a tax attorney, accountant or the IRS. Remember, there is simply no way to avoid paying taxes.
: This is a selection of reports related to online and Internet fraud prepared by the National Fraud Information Center. For more information contact the NFIB at 1-800-876-7060 or send e-mail to nfic@internetMCI.com.
: : Pleadings based on "necessity" are prohibited
: : by some state constitutions, such as the
: : West Virginia state constitution.
: : This matter arose in USA v. Looker
: : (pleadings loaded in the Supreme Law Library).
: : /s/ Paul Andrew Mitchell, B.A., M.S.
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