The Complex Trust Is Simply The Criminal Tax Evasion Device Known As The Pure Trust Repackaged

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The so-called pure trust scheme was a criminal tax evasion ploy that widely circulated from roughly 1995 to 2005. Promising a form of trust which negate the payment of all taxes, the promoters of the pure trust sold these things by the tens-of-thousands to (former) taxpayers who used them for a while until the IRS caught up with them, and sent literally hundreds of promoters and taxpayers alike to nice vacations at Club Fed.

With the IRS and DOJ on the hunt for both sellers and users of pure trusts, the sales of these vehicles dramatically tailed off and I had not heard much of any about them until recently when I had the occasion to cross the path of a promoter of pure trusts, but now referred to as complex trusts. This promoter had the same old marketing materials as went around two decades previously, including representations…

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