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- 02:30, 1 November 2024 WalkerBlackwell talk created page How Much A Taxpayer Should Owe From Irs To Ask For Tax Debt Help (Created page with "S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone will be in a high tax bracket to someone who is within a lower tax area. It may even be possible to reduce the tax on the transferred income to zero if this person, doesn't have 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 easy to transfer income to a person in a lower ta...")