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When it Pays for Married Couples to Split Gifts
When it Pays for Married Couples to Split Gifts Amid political uncertainty, you can’t know whether the federal estate tax will be eased or even repealed altogether. In this situation, it makes sense to reduce your taxable estate. You can do so by giving away assets. A gift tax applies, but you can find shelter by using the annual gift tax exclusion and the lifetime gift tax exemption. These tax breaks enable you to shed assets from your estate without paying tax. Split decision Married couples have double ...
 
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Enjoy Real Tax Savings from Investment Property
Enjoy Real Tax Savings from Investment PropertyFalling prices have created a buyer’s market in housing. The same trends might encourage you to shop for a home that you can...
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Retirement Plans - 2008 Update
Retirement Plans – 2008 UpdateBusiness owners, professionals, and self-employed individuals can choose among several tax-sheltered retirement plans. In most of these plans,...
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Year-End Tax Planning for Individuals
Year-End Tax Planning for IndividualsAs the year draws to a close, astute tax planning can pay off when you file your 2007 tax return. Winning tactics include:•Make your...
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