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Why Section 1045 of the tax code can be your friend

June 1, 2013

Good news from your buddies at the IRS…

If you handle things the right way, they’ll let you buy a small business, sell it a huge profit, and defer the taxes as if you had completed a tax-deferred exchange!

That’s right. Thanks to Section 1045 of the tax code, you can enjoy the exact same tax-deferral benefits that you can get with a Section 1031 exchange.

Want to find out more? Check out my new article titled Tax Tips: Tax-Deferred Exchange of C Corporation Stock? Yes, It’s Possible!

Three ways our fact-filled article can help you:

  1. We’ll show you how to defer the gain on the sale of your small business. There are several steps you have to take to comply with the law. We’ll list them for you and give you all the details when you read the full article.
  2. We’ll tell you who can benefit from Section 1045. Not everyone can take advantage of Section 1045. We’ll tell you who the winners and losers are when you read the full article.
  3. We’ll point out dangerous traps to avoid. Section 1045 has a number of technical requirements that you must follow to the letter. If you don’t, you can get into hot water. We’ll show you how to stay cool when you read the full article.

Filed Under: Capital Gains, Choice of entity, Corporations, Exchanges, Featured Articles, Investment tax credits, Tax Planning

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