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Re: burying money

if you are running a business all the money you put back into the business lowers your tax burden, if you have a lot of excess cash you can give each officer up to 10,000 and or loan them up to 10,000 and all they have to show on the loan is the interest they are paying, open an IRA but you will not keep pace with inflation and if you withdraw early the penalty's make end up costing you, you can have your own 401k plan but it has to be offered to all employees, you can keep 2 sets of books but may need an attorney, you can purchase property through your company. There are a mi rad of ways to divert income just go to the library and take the time to read a few books then develop your plan and stick to it.
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Posted in reply to: burying money by lostintx
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