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- 00:50, 1 November 2024 RashadAndrews talk contribs created page 2006 Involving Tax Scams Released By Irs (Created page with "S is for SPLIT. Income splitting is a strategy that involves transferring a portion of revenue from someone which in a high tax bracket to someone who is from a lower tax segment. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't have got other taxable income. Normally, the other body's either your spouse or common-law spouse, but it could even be your children. Whenever it is possible to transfer income to a person in a lowe...")