You might get away with murder, but you won’t get away with not paying your taxes.
Just ask Al Capone, who was sentenced to prison and fines … for what? Tax evasion.
The IRS is a super-creditor. If you don’t pay your federal taxes, the IRS can seize your assets and even put a lien on your home. States and local authorities similarly have powerful tools to enforce their taxes. A local government can foreclose on your real estate if you don’t pay property taxes. Protect your assets from super-creditors by paying your taxes.
Asset protection plans that promise to avoid taxes for residents of the U.S. are scams and may subject both planner and client to criminal prosecution for tax evasion or conspiracy to evade taxes.
Don’t repeat Al Capone’s mistake. To protect your assets, pay your taxes!