2007-11-13 19:08:57 · 3 answers · asked by cjaces 1 in Business & Finance ➔ Taxes ➔ United States
Rent.
2007-11-13 19:10:49 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Would need more information to say. What you would do as the executor of an estate with a value at or near the exemption level vs what you would do as an individual attempting to shield some of your estate from taxation would be entirely different things. Post some details and maybe someone can give you a meaningful answer.
FYI, forming a non-profit and taking back grants from it won't save a dime. The IRS would disallow such sham transactions and would cancel the "charity's" 501(c) x exemption.
2007-11-14 06:53:53 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Create a non-profit foundation. Contribute all of your real and personal property to it. Then give yourself and your family grants from the foundation as expenses.
Talk to a licensed professional financial adviser before taking any action.
2007-11-14 03:19:11 · answer #3 · answered by roscoedeadbeat 7 · 0⤊ 1⤋