Contact Us
Subscribe to this blog via RSS
Join us on LinkedInCategories
- Tax Credits
- Tax Incentives
- Compliance
- Income Tax
- Americans with Disabilities Act ("ADA")
- Liability Waivers
- Taxation
- Corporate
- Employment Law
- Litigation
- Municipal Liability
- Small Business
- Business Entities
- Corporate and Business Tax
- Mergers and Acquisitions
- Sales and Dissolutions
- Business Formation and Planning
- Closely Held Businesses
Showing 4 posts from March 2015.
Stock and Asset Sales: Tax Consequences of Each Transaction
As discussed in prior posts, an asset sale transfers only the assets of the business, whereas a stock sale transfers some or all of the ownership interest in the business as well as its obligations and liabilities. In this continuing examination of how to structure a business sale, the next points of consideration are the tax consequences of each transaction and ways they can affect the buyer and seller. These types of structures confer different tax benefits or burdens on each party, so tax treatment is one of the most crucial elements in the sale. More >
1031 exchange: a business strategy to defer capital gains tax, P.2
In our last post, we began speaking about the potential for businesses to take advantage of tax law to defer capital gains tax on business property they want to relinquish. One important thing to point out, though, is that business owners who feel they may benefit from this tax strategy should always seek out professional help in doing so to ensure they have a thorough understanding of the process and that they avoid complications. More >
The Basics of Charitable Remainder Trusts
Planning on making a large gift to charity? Rather than making a gift outright, it might beneficial to consult an attorney and set up a charitable remainder trust, an instrument that allows you to donate to charity while still receiving income from the property, as well as providing tax breaks to the settlor and settlor's heirs. These types of trusts can be a crucial element of an estate or financial plan, especially if you are considering making large charitable gifts. More >
1031 exchange: a business strategy to defer capital gains tax
For businesses, it is important to be aware of strategies that can help decrease tax liability. In this post, we want to talk about one such strategy: 1031 exchanges, also called like-kind exchanges. This tax strategy essentially involves the exchange of a business or investment asset—usually, but not necessarily, real estate—for another. Corporate stock and partnership interests are not eligible for 1031 exchanges. More >
