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Re: overachiever post# 91783

Wednesday, 10/17/2007 1:35:34 PM

Wednesday, October 17, 2007 1:35:34 PM

Post# of 114954
It more or less instructs you to lie to the IRS

Since no beneficiary in a Panamanian Private Interest Foundation owns the assets, it is not a lie. The assets in the Foundation are legally owned by the Foundation. Once you remove assets, THEN you would have to report it to the IRS.

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