Tax Reduction Strategy

Tax Reduction Strategy

A source of competitive advantage that depends on differences in the tax rates imposed in different locations.
References in periodicals archive ?
Our office can help you find the right tax reduction strategy if you are interested in rebalancing.
With the government discussing the elimination of inherited IRAs, the elimination of stepped-up basis, and reductions in itemized deductions, wouldn't families benefit from a tax reduction strategy?
Some of the more appealing solutions for leveraging this year's unique estate planning opportunity focus on the use of permanent life insurance products, especially GUL, for clients most likely to realize the benefits of this estate tax reduction strategy. These include individuals who have assets worth more than $1 million and can afford to make substantial gifts to their heirs now.
* Report on new tax laws or a tax reduction strategy;
Thus, they can provide a potential estate tax reduction strategy. This is somewhat risky, in that the sale may be reclassified as a transfer with a retained interest.
* Failing to provide a long-term tax reduction strategy;
And therein lies the single, simplest, most effective tax reduction strategy that all 40/40/40 taxpayers should employ: starting a business that is focused on what you already spend the bulk of your "leisure" funds on.
Given that the Mayor has reported that since 1991 billable assessed values Downtown have eroded by almost one-third, owners will want to measure their properties against that standard, at a minimum, and develop an appropriate tax reduction strategy. Working with tax reduction counsel, owners should marshall information about operating income and expenses, lease expiration dates, the cost of making new leases, any capital investments that have been (or should be) made and the like for presentation to the assessor and/or the Tax Commission.
It may be necessary to tactfully explain to a client the difference between a legitimate tax reduction strategy and breaking the law.