Does the IRS target boat owners?
Are boat owners IRS targets? Perhaps even more important is what, if anything, can be done to minimize your audit risk?
Granted boat owners are often affluent with complex business and tax issues. Yet, evidence suggests boat owners may be priority audit targets while owners of the largest yachts often avoid the IRS radar. Why?
Do some yacht owners know something most boat owners don’t? What do you think?
Do you have insights to share that might help others? Want to know how others make boating more affordable with less risk?
Take a short survey to find out. The primary objective is to facilitate the boating lifestyle. To benefit from the collective wisdom.
When owners of charter yachts seek to maximize net after tax profits, they rely upon Corpen for their competitive advantage. Almost any search of solutions to IRS targeting boat owners, reveals Corpen is at the forefront. This includes providing an information advantage often by conducting private proprietary primary research.
However, for the betterment of the boating community at large, we sometimes are able to share our results.
As in this case. We have been authorized to share some of the tax and wealth strategies usually reserved only for the wealthiest yacht owners with a select group of owners of smaller boats willing to provide their opinions and experience through our surveys.
Everyone recognizes time is valuable and you have better things to do- like being on your boat. That is why other than the reward of sharing your wisdom for the general good of the boating community, there is usually some other more tangible benefit or incentive for survey participants. The economic incentives will vary with each survey.
Given our yachting clientele, privacy and confidentiality are priorities. Yours is also. We will not abuse your trust by inundating you with survey request. You decide which if any surveys are of interest to you. There are no obligations and you can quite anytime.
However, to assure you don’t miss anything in the future, including some of the tax strategies of successful yacht owners, it might be wise to add us to your approved email list or reconfirm this invitation.
So whether you are a boat owner looking to reduce your taxes, and the potential risk of an audit, or just enjoy living the luxury yachting lifestyle at a fraction of the costs - we have some helpful information waiting for you.
Let us know if you would like to be included in this and future surveys. You really have nothing to lose, and likely a “yacht” to gain.