Loopholes for tricking the taxman
February 6, 2012 5:32 PM Subscribe
My aunt seems to be laundering her income through a 501(c)(3) charity which she is the secretary and treasurer of. Is this legal?
posted by shipbreaker to Work & Money (17 answers total) 2 users marked this as a favorite
My aunt seems to make very large donations of her income to the same 501(c)(3) charity that she is the secretary and treasurer of. This seems highly unusual to me... has anyone ever heard of such a thing? Is it legal? Or is this just something that all the "smart money" people are doing as a way to dodge taxes, and I've only just now heard about it?