Discussion:100% sale of S corp to third party
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| Revision as of 08:29, 7 November 2009 Edxusa (Talk | contribs) (New Discussion) ← Previous diff |
Revision as of 13:25, 7 November 2009 Bjeter (Talk | contribs) (Sell the stock r) Next diff → |
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| {{ForumNewPost|UserID=Edxusa|Date=7 November 2009|Text=Have a 20 year old service business S corp, single shareholder, with $4k basis being sold to third party for $135k lump sum payment. | {{ForumNewPost|UserID=Edxusa|Date=7 November 2009|Text=Have a 20 year old service business S corp, single shareholder, with $4k basis being sold to third party for $135k lump sum payment. | ||
| Clean, no shareholder loans, no liabilities being assumed. What is best way to minimize tax to seller? Thank you!}} | Clean, no shareholder loans, no liabilities being assumed. What is best way to minimize tax to seller? Thank you!}} | ||
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| + | {{ForumReplyPost|UserID=Bjeter|Date=7 November 2009|Text=Sell the stock rather than the assets and close before the end of 2009 before capital gains rates could be retroactively increased by Congress. Alternatively, you could sell under an installment agreement to spread taxes over several years, however I suspect the tax rates will be higher in the next year or two so I wouldn't necessarily recommend that strategy.}} | ||
Revision as of 13:25, 7 November 2009
Discussion Forum Index --> Advanced Tax Questions --> 100% sale of S corp to third party
Discussion Forum Index --> Tax Questions --> 100% sale of S corp to third party
| 7 November 2009 | |
| Have a 20 year old service business S corp, single shareholder, with $4k basis being sold to third party for $135k lump sum payment.
Clean, no shareholder loans, no liabilities being assumed. What is best way to minimize tax to seller? Thank you! | |
| 7 November 2009 | |
| Sell the stock rather than the assets and close before the end of 2009 before capital gains rates could be retroactively increased by Congress. Alternatively, you could sell under an installment agreement to spread taxes over several years, however I suspect the tax rates will be higher in the next year or two so I wouldn't necessarily recommend that strategy. | |
