If you’re considering selling a rental property or your home, your first instinct may be to require an all-cash offer. But this may not be the best way to go. You see, if you finance the deal yourself, you could come out a whole lot better. My advice? Keep an open mind and read my new article titled Tax Tips: Use Seller Financing to Create Wealth. Three ways our … [Read more...]
Capital Gains
Sorted by Date
How to turn your C corporation into an S corporation
Thinking of turning your C corp into an S corporation? Be very careful. You see, if you don’t know how to make the conversion the right way, you could a victim of double taxation! Want to learn strategies that can save you thousands of dollars? Easy. Before you make any changes, read my new article titled Tax Tips: Converting a C corporation to an S corporation: Save … [Read more...]
Why your business may be worth more than you think!
[This is Part 1 in a series on selling your business the smart way] Thinking about selling your business and reaping the profits from years of hard work? Here’s good news… It may be worth more than you think, especially if you’re including intangible assets like customer lists, proprietary software, and goodwill. But remember this important fact: The more valuable … [Read more...]
How to escape the 50% goodwill tax trap
If you own a corporation, start planning right now for the eventual sale or liquidation of your business. Why? Because, as I’ll explain in my new article, handling your business “goodwill” correctly today, could save you hundreds of thousands of dollars in taxes tomorrow… or many years down the road. If you want to learn how to legally avoid paying a huge tax on “goodwill … [Read more...]
How to sell your C corporation stock, tax free!
Here’s good news for C corporation stock owners… 2015 is the first year that you can sell your C corporation stock completely tax-free under Section 1202 of the tax code. That’s right. If you meet certain requirements, you can permanently escape taxes on the appreciation of your C corporation stock. All you have to do is hold your shares for five years before you sell … [Read more...]