It also seemed good income tax planning, since the father was in the process of selling the company and wanted his son to benefit from owning shares.
Hopefully, in addition to income and alternative minimum tax planning, planning will integrate and encompass estate, gift, generation-skipping transfer, and state and local taxes as well.
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This plan could include such things as mortgage planning and income tax preparation.
Our New York City, White Plains and Fishkill estate planning attorneys and elder law attorneys are accomplished in comprehensive estate planning including income, tax guidance, and probate matters.
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Tax planning requires planning and foresight even for middle-income Americans.
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He currently serves as a Director of the Washington, DC Estate Planning Council, as Vice-Chair of the Fiduciary Income Tax Committee of the American Bar Association Section of Taxation, and as Co-Chair of the Personal Financial Planning Club of the University Club of Washington DC.
Because of your substantial wealth you must now consider short and long term income, gift, estate and generation skipping tax planning.
Balancing your income over your lifetime also provides some tax-planning benefits.
Tax planning is critical for middle-income families.
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The income tax hikes call for more advanced and time-sensitive planning.
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If that works out to be the case, then upper-income taxpayers may want to defer income and accelerate expenses, which is typical year-end tax planning.
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Good news for upper-bracket investors: beginning in 2010, a magnificent tax-planning device known as the Roth conversion will be available to savers in all income groups.
With proper planning, these gap years can be filled with Roth conversions realizing income in the lowest tax brackets.
People who need strategic tax planning such as small business owners or individuals with complex returns, those who pay high income taxes, or have unusual circumstances appreciate the services of a CPA over an enrolled agent or general tax preparer.
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The House is planning to vote within days on his plan to extend the 2001 and 2003 tax cuts for all income levels, setting up a confrontation with Democrats at the end of the year.
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