Estates can implement strategies to reap income tax savings

Article Abstract:

Tax planning techniques for decedents' estates' administrators to reduce the income tax burden falling upon beneficiaries is the subject of this article which focuses upon planning of distributions.

Author: Streer, Paul J.
Publisher: Warren, Gorham & Lamont, Inc.
Publication Name: Practical Tax Strategies
Subject: Law
ISSN: 0040-0165
Year: 2000
Tax Administration, Distribution of decedents' estates, Beneficiaries, Distribution

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Choose gifts that get the most attractive tax package

Article Abstract:

The authors discuss tax planning techniques for making the most of gifts in regards to income and transfer taxes.

Author: Streer, Paul J., Strobel, Caroline D.
Publisher: Warren, Gorham & Lamont, Inc.
Publication Name: Practical Tax Strategies
Subject: Law
ISSN: 0040-0165
Year: 2001
Planning, Estate planning, Transfer taxes, Gifts

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Declining interest rates enhance appeal of private annuities

Article Abstract:

Taxpayers can realize significant savings in estate and income taxes in private annuity arrangements under various conditions. A private annuity arrangement takes place when a property is sold or exchanged and the received consideration from the purchaser is a noncommercial annuity. More often than not, private annuity transactions include family members and offer income and transfer tax savings for the seller and purchaser. In addition, low interest rates have created opportunities for taxpayers entering into private annuity agreements. Taxpayers should make sure that the property being sold in exchange for the annuity be one that is anticipated to appreciate in value and that the purchaser would not sell in the short term. They should also see to it that the property generate income.

Author: Streer, Paul J., Ayers, Benjamin C.
Publisher: Warren, Gorham & Lamont, Inc.
Publication Name: Practical Tax Strategies
Subject: Law
ISSN: 0040-0165
Year: 1999
Tax Law, Direct Life Insurance Carriers, Life insurance, Annuity Insurance, Laws, regulations and rules, Estate tax, Estate taxes, Annuities

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Subjects list: Methods, United States, Taxation, Tax planning, Income tax
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