Jake wrote:In my career the biggest abuse I ever saw was a trust fund "baby" that had a "small business" (really a hobby) that supposedly earned just enough to qualify for soc sec and medicare benefits. So that person gets a nice benefit and Medicare coverage for very little FICA tax payments paid in over the years. There is little way the IRS computers can find this kind of abuse.
RazorbackCPA wrote:The Walton Family basically has created their own CPA/Tax law firm. I’m guessing many of the billionaires do that.
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