Tax
Feb. 7, 2023
The four tax shelters (don’t overlook life insurance)
Life insurance has a benefit the other three lack: all the ways in which money comes out of a life insurance policy are income tax free.
Owen Kaye
Managing Partner
KFB Law Group
12100 Wilshire Blvd #245
Los Angeles , CA 90025
Phone: (310) 207-8008
Fax: (310) 207-8708
Email: owen@kfblawgroup.com
Western State Univ College of Law
The phrase “tax shelter” has a pejorative connotation. You may think of a U.S. person using a Cayman Islands trust to avoid paying income tax. Or you may think of the Internal Revenue Service’s (IRS’s) annual “Dirty Dozen List.” In 2022, that included “Abusive Syndicated Conservation Easements” and “Monetized Installment Sales.”
However, there is nothing pejorative about “shelter” – it’s like a roof that keeps out the latest of California’...
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