Re: O/T Need Your Advice

Posted by Vern-MI on April 23, 2005 at 11:36:19 from (207.69.137.23):

In Reply to: Re: O/T Need Your Advice posted by Allan in NE on April 23, 2005 at 09:19:48:

Maybe if you don't pay your taxes they will give you a free room and three squares in the Graybar Motel. The government is a business that never runs out of money (yours) and just keep coming up with new things to spend it on including the salary of those darned tax assessors.

As I understand it there is a power company in Florida that has more tax credits than they can use. They are selling tax credits to anyone who wants to buy them. The deal is that you will share your tax savings with the Florida power company to the tune of 50% and in effect become part owner in the company. You can apply these tax credits to back taxes up to three years ago or 2002.

A friend just did it with his 2002 return. He received his check, sent 50% of it to the power company, 5% to the tax attorney and pocketed the remaining 45%. He is now doing the same with his 2003 return and plans to repeat the process with his 2004 return.

Has anyone else heard of this?

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