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The Bob & Chez Show: Woody Johnson's Apparatus

159
lawhawk5/25/2016 9:06:36 am PDT

re: #158 Jenner7

This isn’t tax avoidance (which is legal maneuvering/planning to reduce tax burden), but tax evasion, which is criminal.

The transaction described here appears to be a sham transaction. They characterized it one way, which would be subject to tax, only to recharacterize it as a loan, which would not be taxable.