The Hartford recently posted this click bait in one of their newsletters, which led to a web post which begins with this warning: “Unfortunately, some business owners I know have tried to cut their tax bills by doing illegitimate things. These people are dumb. Don’t be dumb like them. Sleep soundly. Don’t do these five things.” I’m not sure one should really refer to these as “ways to save money on your taxes.” But a little levity is rarely a bad thing, so here’s the first one:
1. Not Pay
Really? You’re just not going to pay? And you think that’s a good idea?