Income Shifting

Shift income to take advantage of the 0% long-term capital gains rate

Leave a Comment / (GST) Generation-Skipping Transfer Tax Consequences, (LTCG) Net Long-Term Capital Gain, Federal Taxes, Gifts, Investment Income Tax (NIIT), Kiddie Tax, Modified Adjusted Gross Income (MAGI) / Douglas Freeman

Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated stock instead of cash. You might be able to eliminate all federal tax liability on the appreciation — or at least significantly reduce it. Leveraging lower rates Investors generally are subject to […]

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Tax advantages of hiring your child at your small business

College children on The Payroll, Employees, FICA, Retirement, Small Business, Social Security & Medicare (FICA) taxes / Douglas Freeman

As a business owner, you should be aware that you can save family income and payroll taxes by putting your child on the payroll. Here are some considerations. Shifting business earnings. You can turn some of your high-taxed income into tax-free or low-taxed income by shifting some business earnings to a child as wages for

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