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If you add a C-Corporation meant for business structure you can cut your taxable income and therefore be qualified for a few of these deductions in which your current income as well high. Remember, a C-Corporation is its very own individual tax payer.

If you have real wealth, but am not enough to require to spend $50,000 for sure international lawyers, start reading about "dynasty trusts" and check out Nevada as a jurisdiction. Components bulletproof You.S. entities that can survive a government or creditor challenge or your death so much better than an offshore trust.

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