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Protect Assets IRS

Good asset protection strategies for the IRS

Protecting assets from the IRS is often overlooked. For many taxpayers, the IRS has claimed they owed more taxes than they actually did. This is especially true for any policy holders of an insurance policy from a company that has demutualized. Policy holders were being taxed on the full amount of their shares instead of the amount of the gains when shares were sold. The following article discusses how one taxpayer took on a battle with the IRS regarding this issue and won.

Asset Protection Reminder: Always Remember that the IRS is a Creditor!