Looking for the silver lining – Tax planning in a troubled economy
Abstract: Times are tough all over. Real estate prices are depressed, credit is tight and the ups and downs of the stock market are enough to induce motion sickness. Fortunately, the cloud hanging over the economy has a silver lining: It’s an ideal time for tax and estate planning. This article looks at several strategies you can use to slash your income tax bill and minimize gift and estate taxes.