No. of Recommendations: 7
ferjen: "I've been searching for other methods of legally reducing our federal tax liability (no state income taxes here). Short of drastically increasing our charitable contributions or adding on a pool (which I DO NOT WANT), I'm coming up empty."

I am not sure what adding a pool does to reduce FIT.

Given that reducing FIT liability seems to be the driving force, you could lend my SPE any amount you wish, payable at matruity on December 30, 2012, and when the SPE fails to pay, have a bad debt write-off that should reduce you for FIT liability. (;>)

I have another sure-fire method of reducing FIT liability, but I am not inclined to give it away today.

Regards, JAFO

PS - You should enjoy your "misfortune"; a lot of people would be happy to trade for your "problems".
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