Real estate is known to be an asset that appreciates greatly over time. Most know there is a capital gains tax consequence when an investment property is sold.
But what about your business? Maybe you are a physician selling a practice, a dry cleaner, a hair stylist, a construction company... Whatever your business, if you get ready to sell, you should visit a competent tax professional and find out what tax consequences you will face. They could be a lot greater than you think!
If you'd like to spread out those taxes over the rest of your lifetime rather than paying in one lump sum, take the time and investigate whether a private annuity trust might suit your needs.
If possible, it could save you a great deal of money and keep your gains working for you well into your retirement years.
Be on my next teleconference and learn more about how they work.
Also, stay tuned for details on a special upcoming teleconference featuring a guest speaker!
Paula Straub
Teleconference Link
Resource Link
askpaula@savegainstax.com
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