...an assessment, but also substantial interest and penalties. Where the result is uncertain, a change of domicile should not be attempted unless the taxes that will be saved are substantial....
...to die had children of a prior marriage, they can be easily cut out of any inheritance by the surviving joint tenant. Potential tax penalties: Gift tax penalty: The creation...
...this will result in a 5 percent tax on the gain, instead of a 15 percent rate if the sale is postponed until 2008. Reducing underpayment penalties Those facing a...
