LEGAL DISCLAIMER
I am not a Tax Lawyer, Nor do I play Dan Evans on the internet.
I am not a Certified Public Accountant, Nor do I play Paul Thomas on the internet.
I am not an Enrolled Agent, Nor do I play Richard Macdonald on the internet.
DO NOT TAKE MY WORD FOR ANYTHING ON THIS PAGE.
Go look it up for yourself.

U.S. Federal Income Tax

Subjugation by taxation

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IRC Section 6700

        IRC Section 6700 is used with regularity for fishing expeditions and unconstitutional VIOLATIONS of the First Amendment. 

        That is the reason I have put the disclaimer above on every web page dealing with Federal Tax issues.  As I pointed out on the last page, The Criminals of the IRS attempt to quash First Amendment Protected FREE SPEECH by using THIS statute, section 6700.

The First Amendment to the U.S. Constitution in the BILL OF RIGHTS.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.

26 USC Sec. 6700                                                                        01/19/04

TITLE 26 - INTERNAL REVENUE CODE
Subtitle F - Procedure and Administration
CHAPTER 68 - ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES
Subchapter B - Assessable Penalties
PART I - GENERAL PROVISIONS

Sec. 6700. Promoting abusive tax shelters, etc.

(a) Imposition of penalty
Any person who -
(1)(A) organizes (or assists in the organization of) -
(i) a partnership or other entity,
(ii) any investment plan or arrangement, or
(iii) any other plan or arrangement, or
(B) participates (directly or indirectly) in the sale of any interest in an entity or plan or arrangement referred to in subparagraph (A), and
(2) makes or furnishes or causes another person to make or furnish (in connection with such organization or sale) -
(A) a statement with respect to the allowability of any deduction or credit, the excludability of any income, or the securing of any other tax benefit by reason of holding an interest in the entity or participating in the plan or arrangement which the person knows or has reason to known is false or fraudulent as to any material matter, or
(B) a gross valuation overstatement as to any material matter,
shall pay, with respect to each activity described in paragraph (1), a penalty equal to the $1,000 or, if the person establishes that it is lesser, 100 percent of the gross income derived (or to be derived) by such person from such activity. For purposes of the preceding sentence, activities described in paragraph (1)(A) with respect to each entity or arrangement shall be treated as a separate activity and participation in each sale described in paragraph (1)(B) shall be so treated.
(b) Rules relating to penalty for gross valuation overstatements
(1) Gross valuation overstatement defined
For purposes of this section, the term "gross valuation overstatement" means any statement as to the value of any property or services if -
(A) the value so stated exceeds 200 percent of the amount determined to be the correct valuation, and
(B) the value of such property or services is directly related to the amount of any deduction or credit allowable under chapter 1 to any participant.
(2) Authority to waive
The Secretary may waive all or any part of the penalty provided by subsection (a) with respect to any gross valuation overstatement on a showing that there was a reasonable basis for the valuation and that such valuation was made in good faith.
(c) Penalty in addition to other penalties
The penalty imposed by this section shall be in addition to any other penalty provided by law.

  • I offer nothing for sale.
  • I don't tell anybody what to do with the information they find on this site.
  • I don't promote, organize, or participate in any sort of "tax shelter";
  • Therefore, I certainly do not promote, organize, or participate in any sort of an "abusive tax shelter". 
        Therefore, there is NOTHING you can do to shut this web sight down.

        The only thing abusive is the way you criminals stomp on Constitutional Rights.

        Any and all correspondence in regard to myself, my website, and section 6700 is hereby pre-emptively responded to with the following statements:

       Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.

        This web site, as well as the following words are protected under the First Amendment.

KISS MY ASS you lawless bastards.


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