Anyone can create a charity which is a tax indifferent party. The wealthy use charities and foundations to save hundreds of millions. The IRS pays little attention to them.
Google and you will find dozens of articles. Make it work for you if the tax value is material
According to the National Center for Charitable Statistics (NCCS), more than 1.5 million nonprofit organizations are registered in the U.S.. They have no ability to audit a tiny fraction of them. It’s a loophole you could drive a cruise ship through
Last edited by Babubhat; 10-29-2022 at 07:45 PM.
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