Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Taxboy who wrote (906)	4/1/1998 8:50:00 PM
From: Colin Cody	Read Replies (3) of 5810

Taxboy, I am glad to see you reverse your earlier claims... . the use of annual gifting, family limited partnerships, split-interest gifts and other advanced planning the estate tax can be minimized to a point where the government (who has been getting yearly profit allocations in the form of income taxes) does not become a full partner at death by taking 50% of your estate. Yes, I am glad to see you truthfully state the POSSIBILITY. . When I tell my clients that half goes to the gov't, most are viscerally offended. Anybody who lets the gov't get away with this, when they could do some planning is a shmoiger, shmendrick etc., unless they have a reason to want to hold on to everything until they die . . EXACTLY as I stated. PERSONAL & FAMILY matters need to be considered. . Clinton is after Family Limited Partnerships. Too many people bragging about their use on the internet maybe (g) . Colin

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