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Foreclosure Forum |
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Re: Yes we pay taxes.In Reply to: Re: Yes we pay taxes. posted by JK (the other JK) on November 21, 2009 at 10:06 AM i am familiar with how irrevocable trusts work, from an accounting standpoint. i just didnt realize that you set it up that way. i also was not aware that the fed would give out a basically unlimited number of tax ids. with your business of buying foreclosures, some of you probably go thru a dozen tax ids a year, and maybe more when times are good.
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