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Financial Planning / Tax Strategies


Subject:  Re: Avoiding gift tax via a Corporation Date:  6/28/2006  7:08 PM
Author:  vkg Number:  87594 of 127753

You are confusing inheritance tax and income tax.

Gifting more than $10,000 a year per person would use some or all of their lifetime allowances, but if under the limit no taxes are immediately incurred.

I hope you seriously consider the ramifications of involving friends and family in your proposed business. Investing in real estate is not guaranteed to be profitable.

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