Tax Attorney In Oregon Or Washington; Does Your Business Have 1?

246.00 £
Published date: 05/02/2025
  • Location: 26838, Headwood, Wyoming, United States
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S is for SPLIT. Income splitting is a strategy that involves transferring a portion of revenue from someone who is in a high tax bracket to someone who is in a lower tax bracket. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't possess any other taxable income. Normally, the other individual is either your spouse or common-law spouse, but it could even be your children. Whenever it is easy to transfer income to someone in a lower tax bracket, it must be done. If major difference between tax rates is 20% the family will save $200 for every $1,000 transferred to the "lower rate" family member.

The role of the tax lawyer is to act as a helpful and rational middleman between you along with the IRS.

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