Top Tax Scams For 2007 Internet Site Irs: Difference between revisions
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Revision as of 07:40, 10 September 2026
S is for SPLIT. Income splitting is a strategy that involves transferring a portion of greenbacks from someone will be in a high tax bracket to a person who is in the lower tax bracket. It may even be possible to reduce the tax on the transferred income to zero if this person, doesn't possess any other taxable income. Normally, the other individual is either your spouse or common-law spouse, but it could even be your children.
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