Reduce Capital Gains Tax in the Sale of a Business

Posted: 07 Jul 2008

Hopefully, before selling a business, you meet with a CPA or tax accountant and get an estimate on how much of your proceeds will be going directly to Uncle Sam if you pay them in a lump sum at time of sale. You don’t want to save this surprise for after all is said and done, because not only will it most likely be a shock, but you will have given up your chance to do anything about it.

Planning is everything. For this article I will assume you are not doing a 1031 business exchange, that is selling your business… Continue reading

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Why Use a 1031 Tax Exchange?

Posted: 07 Jul 2008

The Section 1031 exchange procedure is one that should be entered into with a certain amount of planning and foresight; the process presents the incautious property investor with ample opportunity to make a misstep. Keeping this in mind, you may be somewhat skittish about beginning the 1031 exchange process without a certainty that you will be able to follow the process to completion. In all actuality, however, the risks involved in an exchange are not as intimidating as they may, at first, appear.

Beginning the 1031 process isn’t in any way a total commitment - as a matter of fact, many… Continue reading

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