Keep It Real
Why you should steer clear of bogus corporate entities.
The IRS says it's battling tax evasion, money laundering and even the funding of terrorist groups by bogus companies with hidden owners. The problem of disguised corporate ownership made the IRS' annual "Dirty Dozen" list of biggest tax scams for 2007.
It's easy for business owners to conceal their identities. So how can you keep the IRS from mistaking your business for a sham? If you didn't list all the owners' names when you registered your business, you should update your incorporation papers, especially if you operate under these corporate structures:
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