Tax forum: prepare tax, tax deduction, etc

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How can you avoid paying large amount of taxes?

maxwell

02-09-2007 06:44

Messages: 21
Country: USA
City: new jersey

How can you avoid paying large amount of taxes? After you get a huge amount from the Lawsuit.I just got this doubt when I was referring this topic with my friend and so I thought it of asking it here.......

Re: How can you avoid paying large amount of taxes?

joseph

02-09-2007 12:52

Messages: 7
Country: USA
City: Boston
Job/Occupation: Real Estate

Here are some e.g. For a payment you receive replacing something you lost are not taxable. Definitely, avoiding all the tax might not be your paramount goal. lowering is much more sensible. And also one of the best way to lower your tax burden is to donate all the amount to a charity.

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