|
First, let's address how a Private Annuity Company is formed before we discuss what an annuity is and how it will save you a lot of current income tax. We are particularly expert in tax matters that involve multiple jurisdictions, for example how to apportion revenue for corporations operating in more than one state. Section 1 goes on to list the taxes and rates on single individuals, heads of households, and estates and trusts, as well. The creation of an annuity usually is not a taxable event. All variables, including the starting date, the amount of time the annuity will be paid for, a specific term versus a life time, and a guaranteed return versus a variable term, will affect the amount of payments you receive.
|
|