Tag: tax shelters
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Tax Shelters: Not Just for Billionaires
A recent New York Times article titled “Why Tax Shelters Aren’t Just for Billionaires” sheds light on how tax shelters, often perceived as tools for the ultra-wealthy, are accessible and beneficial for middle-income earners. This revelation is particularly pertinent for Canadians and international investors aiming to optimize their financial strategies. Understanding Tax Shelters Tax shelters…
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Wealthy Taxpayers Feeling the Pressure from IRS
AccountingWEB.com – The Internal Revenue Service is targeting wealthy executives and entrepreneurs to ferret out would-be tax dodgers. The IRS has not focused on individual tax returns of the well-to-do for years, the Wall Street Journal reported, but is becoming more aggressive after studying the results of a 2003 pilot program covering 24 big companies,…