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the answer to that question would be: Don't its illegal, with a sentence of up to something like 20 years in prison if found guilty.

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Q: What do you do to avoid paying taxes on a large sum of money?
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Related questions

How can one avoid paying taxes?

There are a few legal ways that one can avoid paying taxes. One is to move money into off shore companies and also looking at the tax code for legal deductions.


Black money is a euphemism for?

Income earned illegally, usually in cash and not reported to the government so as to avoid paying taxes


What is money remaining after taxes?

I think it is when you have money left over after paying all of your taxes


How can I avoid paying all of the business taxes I owe?

It is hard to avoid paying all your taxes but sometimes you can settle it with the government. you can always contact your local IRS office and see what can be done.


If you go to jail for not paying taxes do you still owe the taxes when you get out?

Of course you do, plus penal;ty and interest.Your jail is for the crime of trying to avoid taxes, not in lieu of paying them.


What are the latest tax issues in Philippines?

people who avoid paying taxes


How much money can you earn working while collecting SS and avoid paying taxes you are 71 years of age?

for 2014 how much can i earn i am 63


How people makes black money?

with out paying the taxes


Can I get out of paying my back taxes?

Paying taxes varies by your income bracket and the state that you live in. Any taxes that you do owe must be paid to avoid your wages being garnished and other harsh penalties.


What are the Treasury functions?

paying money taxes morage and contracts


What did some colonists do to avoid taxes?

The colonists resorted to smuggling goods and other materials instead of paying the taxes.


What is bonus stripping?

A way to avoid paying taxes on stock market gains in India.