Selling your property, business or other capital asset without the right advice can be very risky, for two reasons:
1. Property and business owners are often surprised to learn that their tax obligation when they decide to sell may be even higher than the current 20% federal capital gains tax rate, state rate and the additional 3.8% Net Investment Income Tax brought on by the Affordable Care Act; and,
2. Without a well-crafted tax strategy in place, unnecessary taxes that are being paid will eat away a significantly greater portion of your profits.
Conversely, the 70,000-page tax code is packed with tax benefits that past Congresses and State Legislatures have put on the books. The problem is that most business people have no idea these benefits exist, and no idea how to find them.
Capital Gains Tax Solutions we have crafted for clients include: