🚨 BE CAREFUL | TAX EVASION VS. TAX AVOIDANCE 🚨 The post shared here is filled with risky practices that could lead to tax evasion if you're not careful. Let’s break down the main issues: 1️⃣ LLC Transfer for Anonymity This creator suggested buying property in one LLC (which holds the mortgage), then transferring it to another LLC for “anonymity.” But here's the problem: transferring a property can trigger a due-on-sale clause in your mortgage, forcing you to have to pay off the loan immediatel

Taxavoidance vs taxevasion - Prof. Richard Murphy