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Shareholders Sale of Assets Tax Planning

Kaufman & Canoles

Section 1202 QSBS - The Overlooked Arrow in the Business Succession Quiver

Kaufman & Canoles on

Business owners considering exit options from their businesses often can be blinded by purchase price figures and proceeds, often “accepting” that paying capital gains tax is part of the deal. The ability to avoid or defer...more

Troutman Pepper

Personal Goodwill: Opportunities for Buyers and Sellers - Tax Update Volume 2018, Issue 5

Troutman Pepper on

If goodwill is personal to a shareholder of a C corporation (or an S corporation with built-in gain), in the context of a sale of the corporation’s assets to a buyer, the shareholder may be able to sell the goodwill...more

Baker Donelson

Goodwill Owned by a Shareholder Can Provide Tax Planning Opportunities

Baker Donelson on

A recent U.S. Tax Court case reminds us that the personal goodwill owned by the principal shareholder/employee can provide significant tax planning opportunities. Generally, the sale of assets by a "regular" corporation...more

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