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EXPERT TAX TIPS - STAY IN THE KNOW


Tax Talk Thursday: Asset Sale Tax Planning: Capital Gains vs. Ordinary Income When You Sell Your Business
When a business owner sells, the headline number is the purchase price. The number that actually matters is what’s left after tax, and that depends less on the price than on how the price is characterized. Two sellers can close identical $2 million deals and walk away with after-tax proceeds that differ by tens of thousands of dollars, simply because one negotiated the allocation and the other signed whatever the buyer’s attorney drafted. In an asset sale, the IRS doesn’t see
Oct 18 min read
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