Articles: Taxes Continue scrolling for more. What Is a 1035 Exchange? 1035 exchanges provide a way to trade-in an annuity contract or life insurance policy without triggering a tax liability. Do You Owe The AMT? If you want to avoid potential surprises at tax time, it may make sense to know where you stand when it comes to the AMT. What If You Get Audited? The chances of an IRS audit aren’t that high. And being audited does not necessarily imply that the IRS suspects wrongdoing. Understanding Marginal Income Tax Brackets An inside look at how marginal income tax brackets work. How Income Taxes Work A quick look at how federal income taxes work. Split Annuity Strategy Here’s one strategy that combines two different annuities to generate income and rebuild principal.