Many reasons to watch for abusive Trusts

The many reasons People need to file and pay their taxes and do the right things when it comes to asset protection.

http://www.irs.gov/compliance/enforcement/article/0,,id=105822,00.html

http://www.irs.gov/compliance/enforcement/article/0,,id=213765,00.html

http://www.irs.gov/compliance/enforcement/article/0,,id=246525,00.html

These articles below and the People involved I know personally and never followed my advice. The first couple were close personal friends of mine.

Husband and Wife Sentenced for Selling Abusive Tax Schemes; Couple Failed to File Tax Returns on Over $1 Million in Income

On March 7, 2011, in Portland, Ore., Micaela Renee Dutson, a former attorney, and her husband, Tony Dutson, were each sentenced to 120 months in prison to be followed by five years of supervised release. The Dutsons were convicted following a jury trial of conspiring to defraud the Internal Revenue Service (IRS), obstructing the IRS, causing clients to use bogus financial instruments in an attempt to pay their taxes and commercial obligations, failing to file tax returns, and aiding and advising a client to file a false tax return. According to evidence presented at trial, Micaela Dutson was an Oregon lawyer, and the couple used her law office in Tigard, Oregon to promote and sell abusive trust arrangements to evade taxes for several years before moving to Mesa, Arizona in 2003. The Dutsons continued to sell the trust packages for years, ignoring several warning letters from the IRS. After the IRS began auditing the Dutsons’ clients, and notified them that the trusts they were using to conceal their income from the IRS were shams, the Dutsons began a campaign to obstruct the IRS’s audits and investigation, and to harass and intimidate the individual IRS employees who were auditing or investigating them. They advised their clients to obtain their “sovereignty,” and they created and presented dozens of fictitious financial instruments to the IRS purporting to pay off back taxes for themselves and a number of their clients. Even though they knew the bogus instruments had no financial value and had never been accepted by a creditor, they continued to sell them to their clients with false promises they would pay off their tax liability. The Dutsons had over 100 clients throughout the United States, but most of the clients lived in Oregon, Washington, California, Arizona, Alaska and Hawaii. The couple made over $1 million dollars from the scheme and paid no income tax.

Promoter of Aegis Abusive Trust Arrangements Sentenced to 15 Years

On June 29, 2010, in Springfield, Ill., Brain Wasson was sentenced to 180 months in prison, followed by three years of supervised release and ordered to pay $600,148 in restitution. According to court documents, Wasson and a co-defendant established a business in 1997 known as Midwest Alternative Planning, located in Danville, Illinois. Midwest Alternative Planning was used to promote the fraudulent tax scheme of the Aegis Company. Beginning in 1994, Aegis and its representatives devised, organized, promoted and sold various financial instruments, known as domestic and foreign “trusts,” to taxpayers in exchange for substantial fees. These trusts were fraudulent in nature as there was no change in the taxpayers’ control over their assets and income which were placed under these trusts. The purpose of the trusts was to assist the taxpayers in concealing the taxpayers’ assets and income from the IRS, resulting in the reduction of the income tax paid to the IRS.

Cincinnati-area Man Sentenced for Tax Crimes

On January 11, 2011, in Cincinnati, Ohio, Homer Lee Richardson was sentenced to 30 months in prison and one year of supervised release. Richardson was also ordered to pay a $60,000 fine and $61,212 in restitution for corruptly endeavoring to obstruct and impede the due administration of the Internal Revenue Code, aiding and assisting in the preparation of a false income tax return on the behalf of another individual, and filing his own false individual income tax returns for the years 1998, 1999 and 2000. According to the indictment, Richardson marketed and promoted sham trusts for an organization known as Aegis. The trusts had no economic substance or business purpose and falsely gave the appearance that Aegis members relinquished control over their assets. Taxpayers who used these trusts filed false federal individual income tax returns understating their income. In addition, Richardson attempted to obstruct Internal Revenue Service (IRS) audits of his own and at least one other individual’s income taxes. Finally, Richardson filed his own false tax returns which falsely understated his income.

:face: :face: :face:

This is what happens when one tries to avoid taxes.

Many people have the idea that they can fight the IRS,and some are on this forum.
No matter how "illegal" one may perceive the IRS to be,or how "illegitimate" one thinks the government and it's authority is, they exist.

I will pay my taxes,for those who choose not to...well....ok.

I want to enjoy WHAT'S LEFT of my life with WHAT'S LEFT of my investment AFTER taxes,
and in a place of MY choosing,NOT in an orange jump suite as a guest of the government.

Thank you for putting that out AJ.

Blessings.