Tax planning considers the tax implications of individual, investment, or business decisions, usually with the goal of minimizing tax liability. While decisions are rarely made solely on their tax impact, you should have a working knowledge of the income or estate tax issues and costs involved. A major goal of tax planning is minimizing federal income tax liability.
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If you give away wealth, during life or at death, you may in federal taxes—and possibly additional state taxes. These tax include gift, estate, income, and inheritance taxes. You can help protect the assets you transfer
If you give away wealth, during life or at death, you may in federal taxes—and possibly additional state taxes. These tax include gift, estate, income, and inheritance taxes. You can help protect the assets you transfer