Tax Strategies for Those with a Home or Small Business These are some tax strategies frequently overlooked by many tax preparers. Keeping up with the many tax law changes that are made each year is quite a job. You can help yourself and your accountant by making yourself familiar with how some of these fairly simple strategies can reduce your taxes, sometimes by thousands of … [Read more...]
Avoid Annuity Tax Problems
Avoid Annuity Tax Problems Millions of investors own retirement annuity accounts but few are aware of the tax implications when the annuity is passed to an heir or beneficiary. A little known tax fact is that income tax on an individually owned annuity can be postponed only if the account owner’s spouse is named as the sole beneficiary. If the annuitant is not married, the … [Read more...]