Up next in How to Do Your Taxes (15 videos)
Whether you're filing taxes for yourself or a business, we'll help you make the April 15 deadline.
You Will Need
- A good lawyer if you’re caught
Start a religion
Declare yourself a cleric and start a religion—the clergy is exempt from paying taxes. Hey, if a science fiction writer did it, so can you!
Become a celebrity
Become a celebrity—everyone knows they don’t handle their own finances. That way, if you’re caught, you can just blame it on your manager or accountant.
Invest in an abusive tax shelter
Find and invest your money in an abusive tax shelter. If caught, pretend you thought the business was legit.
Stash your money overseas
Stash your money in foreign bank accounts where you won’t be required to pay U.S. tax—the Cayman Islands, for example.
Find off-the-books employment
Find off-the-books employment where you are paid in cold, hard cash. So much less paperwork this way, for both you and your employer!
Become self-employed, and then find so many business expenses and declare so little income that you don’t owe any taxes. You can pull this stunt two out of five years before the IRS declares your 'business' a 'hobby.'
Claim a bazillion dependents
Claim so many dependents that you make Mother Goose look like an amateur. Claim a charitable donation to an anti-birth control organization to make all those little exemptions look believable.
Move abroad to take advantage of the foreign earned income exclusion, which allows you to exclude income earned for personal services performed in a foreign country. Switzerland is a lovely, neutral country.