Assignment of Income – Can it be Done?

[singlepic id=16 w= h= float=left]An insurance agent was contracted with an insurance carrier. When he received income in his name, he paid it over to his trust, another entity. This assignment of income violates the underlying foundation of the tax system as is discussed in the US Tax Court ruling below. [pdf-embedder url=”http://www.cya4tax.com/wp-content/uploads/2016/11/Income-Assignment.pdf” title=”income-assignment”]

Tax planning determines retirement income strategies

I specialize in ‘lifetime’ tax reduction planning because such it affects the amount of taxes that you pay your lifetime and what your overall investment and retirement plans will be. The reduction of various taxes over each year and awareness of tax trigger events that create what I call tax traps must be actively planned[…]