Nri Tax Planning and Double Tax Treaty
by: Rajinder Dogra.
Source: www.mumbaipropertyexchange.comGenerally, while NRIs go abroad to pursue better career prospects, many of them do not intend to return to India, but they do leave their footprints behind in the form of ancestral (or self-acquired) ...
Benefits of Tax Planning
by: Peter Frank.
Just as rules are important for good living so also there are some golden rules of tax planning. The five simple yet effective golden rules of tax planning are:1.Spread the taxable income among various members in your family;2.Take full a...
Tax Planning for 2004 and Beyond
by: Tiffany Morisue.
As the year is quickly coming to a close, there is still time for you to take actions that will allow you to save taxes for this year and possibly next year as well. However, time is running out......There have been a lot of tax legislat...
Estate Tax Planning
by: Kris Koonar.
The estate of a deceased person is subject to estate tax levied by the government. This tax is levied on his taxable estate, the value of which is arrived at by reducing his gross estate by something known as allowable deductions, where t...
Year End Tax Planning
by: Dianne Goodman, Cpa.
Now is the best time to start thinking about your year end tax planning. These tax strategies can be put into effect by the end of the year and some as late as when the tax return is due. Planning now will save you money and reduce your ...
Why Is Estate Tax Planning So Important?
by: Kris Koonar.
There are many reasons that make an estate plan very important. When you are unable to take decisions regarding your healthcare due to illness or accident there needs to be someone who can legally take such decisions on your behalf. Alte...
Retirement Tax Planning Tips
by: Terry Parker.
Many people do not think ahead about reducing taxes during their retirement years. But actually there are many ways to reduce the amount of taxes that you pay during your retirement years. Some of these include. Maximizing the nontaxabl...
Avoiding Inheritance Tax - Planning for the Informed
by: Ray Prince.
Many clients have accumulated substantial funds within ISAs and PEPs over the past 10 years and enjoyed significant tax breaks in the process.It's not unusual to see clients with capital in PEPs and ISAs in excess of ?200,000 enjoying the...
5 Questions for Your Mid-Year Tax Planning
by: Tmwheelwright.
When I coach clients on their tax strategy to legally reduce their taxes, many of the strategies require monitoring throughout the year. The monitoring serves two primary purposes:#1 To Monitor the NumbersMany tax strategies are based o...
The Benefits Of Estate Planning Tax Advice
by: Dean Forster.
Benjamin Franklin once wrote, "In this world nothing can be said to be certain, except death and taxes." That statement couldn't be truer. In this day and age, we could not move without paying for taxes in one form or other. You may feel...
Understanding The Need For Proper Estate Tax Planning
by: Kris Koonar.
The government provides estate tax as a levy against the taxable estate of a deceased person. Taxable estate is gross estate that is reduced by some allowable deductions. The value of an asset is determined on the basis of "fair market va...
Understanding The Basics Of Estate Tax Planning
by: Kris Koonar.
Federal tax laws exempt property up to two million dollars from estate tax. They also allow a one million-dollar lifetime limit for gifting property without attracting any gift tax. However, there is a rider that the value of the gift mus...
Planning Retirement with Tax Deferred Savings
by: MIKE SELVON.
As you approach your golden years, you may be wondering about the various pros and cons of tax deferred savings plans. While the idea of not paying taxes on your savings may seem alluring, there are also fees to consider. Another complica...
Top 10 Tax Planning Tips for Investors
by: Michael Lee-Smith.
As the end of the year approaches, it's always a good idea to consider what tax-saving initiatives you might commit to before Dec. 31 in order to ensure you get the most benefit for the 2006 tax year.To that end, I would recommend 10 key ...
Glide into Tax Season with Solid Financial Planning
by: ARA Content.
(ARA) - With good planning, you can start the year off right by making sure you and your family are financially fit and ready for the new year, and possibly reduce your tax bill. Here is a financial checklist to consider:
Tap into th...
