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- 16:43, 22 January 2025 Caren3477577 talk contribs created page Declaring Bankruptcy When You Owe Irs Tax Arrears (Created page with "S is for SPLIT. Income splitting is a strategy that involves transferring a portion of greenbacks from someone which in a high tax bracket to someone who is within a lower tax segment. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't get other taxable income. Normally, the other individual is either your spouse or common-law spouse, but it can also be your children. Whenever it is easy to transfer income to someone in a lowe...")