Tax Planning 2


Definition of "Tax planning"

Arrangement of discretionary income, expenses, and investments in a way that enhances after-tax wealth. Insurance policies can be used to increase after-tax income through the tax-deferral features of cash value life insurance and to reduce estate taxes through the preferential tax treatment of the life insurance death benefit.

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Popular Real Estate Terms

Tax Avoidance

Payment of the minimum tax by using legal tax planning opportunities such as estate planning. The use of tax avoidance strategies is a sound approach ...

Referral

Recommending the use of another person or business. An example is an attorney referring a client to a CPA to handle tax planning for real estate tran ...

Tax Planning

Evaluation of different tax options of investing in real estate with the purpose of reducing the tax liability in current and future years. Example ar ...

American College

(Formerly the American College of Life Underwriters) accrediting body for the CLU (Chartered Life Underwriter) and the ChFC (Chartered Financial Consu ...

International Insurance Seminars, Inc. (iis)

Annual meetings of insurance practitioners and academicians from throughout the world interested in exchanging ideas concerning the theory and applica ...

Day Order

Buy or sell order for security that expires at the end of the trading date on which it was entered if not executed. ...

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