That went along nicely until the Internal Revenue Service began disallowing the write-offs. First, they lost money in Hoyt's partnerships. Then they lost money to massive IRS penalties. And some of the ranch real estate partnerships he sold were equally spurious, based on exaggerated property values. But here the blame needs to turn inward.
Tax shelters are a dangerous game.
Couple that with promises of lofty returns, and you've got a recipe for disaster. Earliest info on new businesses, homeowners Sales Prospecting Center Real info, real opportunities. HireSacramento Fill an opening, find a job Legal Center Hundreds of business legal tools Office Products Special deals on equipment, supplies. Classifieds Search for business services, real estate and career opportunities.