I recently wrote a column for CBS Moneywatch titled “6 Ways to Cut Your Income Taxes After a Windfall“. Here is a preview of the six strategies discussed in that column…
1. Create a pension.
2. Create a captive insurance company.
3. Use a charitable limited liability company.
4. Use a charitable lead annuity trust.
5. Take advantage of tax benefits to farmers.
6. Buy commercial property.
To read about these six strategies to reduce income tax after receiving sudden wealth, go directly to the CBS column here: “6 Ways to Cut Your Income Taxes After a Windfall“