– Tax benefits of freezing embryos long term
– Embryo storage costs in Alabama.
By Trend News Line 2024-02-21 23:51:44.
The Potential Tax Benefits of Freezing Embryos
Imagine a scenario where a woman decides to freeze 100 embryos and declares them on her taxes every year until she reaches the age of 100. Upon her death, she leaves these embryos to someone in her will, who then continues to claim tax credits on them until their own passing. Could this strategy effectively allow someone to avoid paying taxes indefinitely? And what are the costs of storing embryos in a state like Alabama?
It’s an intriguing question that was recently posed on Twitter by user Common_Sense. The idea of using frozen embryos as a way to potentially avoid tax payments raises some interesting ethical and legal considerations.
First and foremost, it’s important to note that the legality of such a strategy is highly questionable. Tax laws are complex and constantly evolving, but it’s unlikely that the IRS would allow for the indefinite claiming of tax credits based on frozen embryos. There are strict guidelines in place for claiming tax credits, and using embryos in this manner would likely be considered tax fraud.
Additionally, the costs associated with storing 100 embryos for an extended period of time can be significant. While exact figures may vary, storage costs in states like Alabama can be expensive. These costs would need to be factored in when considering the feasibility of such a scheme.
It’s also worth considering the ethical implications of using frozen embryos in this way. Embryos are potential human lives, and using them as a tax avoidance strategy could raise serious moral concerns. The idea of treating embryos as financial assets rather than potential children is a troubling concept.
As of the time of this reporting, the cause of death is unknown. However, the discussion sparked by Common_Sense’s tweet raises important questions about the intersection of tax law, reproductive technology, and ethics. While using frozen embryos to avoid taxes may sound like an innovative idea, the potential legal and ethical ramifications make it a risky and likely unsustainable strategy.
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Source : @not2early
So can a woman freeze 100 embryos and declare them on her taxes every year until she dies at age 100, then leave them to someone in her will & they get the credits until they die too?
Could you freeze enough embryos to never pay taxes again? Storage costs in Alabama expensive?
— Common_Sense (@not2early) February 21, 2024
“woman freeze embryos declare taxes leave will credits”
“freeze embryos never pay taxes storage costs Alabama expensive”.