Quiz: The Ultimate Tax Shelters Quiz
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The Ultimate Tax Shelters Quiz
By: Staff
Image: refer to hsw

About This Quiz

Just because you earn a certain amount of money doesn't mean you have to pay taxes on all of it. A tax shelter can help you reduce your taxable income, and keep more of your money. You must, however, make sure you're not breaking the law. Take this quiz to test your knowledge of both legal and illegal tax shelters.

2.0 of 15
Illegal use of a tax shelter is considered what sort of crime?
3.0 of 15
Which federal organization is charged with monitoring the use of tax shelters?
4.0 of 15
Approximately how much money did the illegal use of tax shelters cost the State of California in 2003?
5.0 of 15
Which of these companies was involved in a $2.5 billion dollar tax scam in 2005?
6.0 of 15
One of the differences between a legal shelter and an illegal one is that legal ones do which of the following?
12.0 of 15
How much money did the average participant in the Son of Boss scheme have to pay the IRS?
13.0 of 15
Approximately how much money did the IRS recover from prosecuting Son of Boss activities?
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