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« on: May 24, 2013, 11:00:00 PM »
This is why you need friends like those in the capital building. Do this between 3 people and what do you have now? no self-dealing, no double-dealing but just a friendly rotation of "poor" investment decisions. You can do this with real estate, too, selling it at inflated prices with your Self-Directed Roth/IRA funds between 3 or 4 parties. Using cash under the table to level out differences, so everyone loses a little to the middle man, but makes a ton on the end with tax free gains down the road. Need money to make money here (lots of it).
I also like the couple who divorced at the end of December, remarried beginning of January to take the tax breaks for filing separately. Apparently the IRS didn't like them either. I mean since when is obeying the law breaking the law? (Oh yeah, getting pulled over for going the speed limit in the left lane for "obstructing traffic", another great story :-)