accounts payable, Manufacturing and tax planning

Tax Strategies for Selling an S Corporation: Planning for an Asset Sale

CTP

JUNE 10, 2022

Since the sale has already occurred, these are taxed at ordinary income tax—a rate that taxpayers likely want to avoid since it can be as high as 37%. The business may also have fixed assets, such as manufacturing equipment, furniture, vehicles, or other tangible assets.

Sales

Sales Tax income tax tax return

Selling an S Corporation: How to Maximize Tax Savings in an Asset Sale

CTP

JUNE 10, 2022

This can lead to overlooking one key part of the sales process: tax planning. The decisions you make in structuring the sale will have a direct effect on later tax implications and how much of a profit you actually end up making. That amount becomes tax-free because we are simply reducing the sales price.

Sales

Sales Tax income tax tax return

Accountant Advocate

Tax Strategies for Selling an S Corporation: Planning for an Asset Sale

Selling an S Corporation: How to Maximize Tax Savings in an Asset Sale

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