A Wall Street Journal article discusses how lower interest rates can help reduce taxes. The article discusses various ways to take advantage of the IRS's lower rates: make a loan to a family member; do an installment sale; set up a grantor-retained annuity trust (GRAT) (involves transferring assets to a trust); and set up a charitable lead trust (donor splits an asset so that income goes to an IRS-registered charity for a period of years, and what is left after that goes to heirs).
See Laura Saunders, "How Low Rates Can Cut Your Tax Bill," The Wall Street Journal, Oct. 1, 2011.
Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal
See Laura Saunders, "How Low Rates Can Cut Your Tax Bill," The Wall Street Journal, Oct. 1, 2011.
Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal
Leave a comment