Treasury Warns Against Abusive Tax Reduction Scheme – It’s good to see IRS alerting people earlier about these kinds of scams rather than waiting for several years, as has been their previous strategy. As I have been advising them for years, their silence in response to the idiotic claims by tax protesting and evasion promoters has always been taken as a sign of agreement as to their legality. They should be able to nip more of these scams in the bud if they continue to make public pronouncements as soon as they become aware of new angles being promoted, such as this one that tries to pretend income is from the Virgin Islands and is thus tax free.
Tax Guru - Ker$tetter Letter 