Every entrepreneur is always looking for a way to make more money and pay less tax. That is why if they had that there was a legit way of getting into a tax-free business, most of them would not think twice before jumping into the deal. Although this might look like something which is impossible, the United States government made it possible back in the year 1987 through the foundation of Freedom Checks. Many people do not believe the legitimacy of freedom checks especially after the information that has been spread by bloggers that there was no way the American government would allow people to run a business without paying taxes. However, Freedom Checks are legit and it is a policy that was created by the Congress led by President Nixon under a statute referred to as 26-F in order to encourage more Americans to invest more in the energy sector.
How Freedom Checks Work
In the 1987 statute, some requirements were listed down that a company must meet in order to operate their tax-free business. According to the latest reports, about five hundred and sixty companies have met the requirements listed down in statute 26-F. Some of these requirements include that a company ought to earn ninety percent of its revenue from production, processing, storing and transporting oil and gas from refineries found in the United States. Another requirement is that the company must accept to pay admirable checks to the shareholders.
Despite the fake news speeding about freedom checks, many people have already benefited from it. The five hundred and sixty companies that have met the requirements are known as the master limited partnership. In order for an investor to join these firms, they must agree to pay 90% of the total amount they earn to the master limited partnerships. In return, the company shall pay their investors either per quarterly or yearly depending on the amount they contribute. The firms shall also play other roles like identifying, developing and leasing oil reserves investors. Americans are advised to get into the master limited partnerships so that they can start earning tax-free returns.
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