The estate tax is in flux, but a repeal is likely to result in a higher tax bill for a greater percentage of less wealthy Americans than under the present estate tax. More Details

If you have property that's rapidly appreciating or generating high earnings, and you're ready to hand it down to your children or other heirs but want to continue receiving income from the property for a period of years, a GRAT may be a great strategy for you. The goal of a GRAT is to transfer property with minimal gift tax. More Details

The tax code first authorized 1031 exchanges in 1921. But now, skyrocketing property values coupled with the rising popularity of real estate investments have many people taking a new look at an old tax provision. More Details

If you're anticipating a sizable federal income tax refund, you're not alone. According to the Internal Revenue Service, over 100 million individuals received federal income tax refunds last year, and the average refund check exceeded $2,000. How you spend your refund check is up to you, but before you call a travel agent or splurge on a new plasma television, consider whether there might be better ways to put this sum of cash to work for you. More Details

Did you owe taxes on your 2005 federal income tax return? If so, you may need to increase the amount of federal income tax that's withheld from your paycheck by completing and filing a new Form W-4 with your employer. (If you're self-employed, you'll have to bump up your quarterly estimated tax payments.) Not having enough withheld can result in more than a cash crunch at tax time--it can mean penalties and interest. More Details