Tax Topics to Raise With Your Advisors

ImportantMichael R Garsow is not a tax professional, CPA or attorney and does not give tax or legal advice. These are general topics to raise with your own advisors. Rules change and every situation is different.

1. Installment Sale

Ask whether receiving payments over time instead of all at once could change how and when the sale is taxed.

2. Qualified Small Business Stock (QSBS)

Ask whether your company’s shares could qualify for this federal treatment and what the current rules require.

3. Charitable Remainder Trust

If giving is part of your plans, ask whether a trust set up before the sale makes sense for your situation.

4. Opportunity Zones

Ask whether reinvesting sale proceeds this way fits your goals and what deadlines would apply.

5. Asset vs. Stock Sale

Ask how the structure of the deal could affect what you keep after taxes, before you agree to terms.

6. Estate and Gift Planning

If family is part of your plans, ask whether any steps should happen before the sale rather than after.

7. 1031 Exchange

If real estate is part of the sale, ask whether reinvesting in similar property could apply to you.

Bring Your Advisors in Early

The earlier your CPA and tax attorney are involved, the more options they can review with you. If you don’t have one, we can introduce you to trusted professionals in our network that past clients have had success with.