Planning on getting married? Congratulations!
Planning on getting divorced? Congratulations! (if they’re in order.)
Planning on giving money to family or friends? Congratulations to them and to you for your beneficence!
The important point?
When you take action and do these things you create very real tax consequences.
We’ll tell you how to take advantage of four, winning, year-end tax strategies (related to marriage, divorce, and giving), when you read my article titled Tax Tips: 2015 Last-Minute Year-End Tax Strategies for Marriage, Kids, and Family.
Four ways our fact-filled article can help you:
Strategy #1: Pay your children for work they’ve done the right way. Whether you run your business as a proprietorship or a corporation, read the full article.
Strategy #2: Time your divorce properly. When you unhitch, you can have huge tax consequences as you’ll learn when you read the full article.
Strategy #3: Make sure you get married in 2015. If the wedding bells ring for you in 2016, you could be missing some big savings as you’ll learn when you read the full article.
Strategy #4: Make use of the 0% tax bracket. In the right circumstances, you can give family and friends stock and have them take advantage of the 0% tax bracket. To learn more, read the full article.