Selling an S Corporation: How to Maximize Tax Savings in an Asset Sale
CTP
JUNE 10, 2022
Since the sale has already occurred, these are taxed at an ordinary income tax rate, which taxpayers likely want to avoid since it can be as high as 37%. When the sale of a business results in capital gain, the entity can report this on its tax return using Form 1120-S ( U.S.
Let's personalize your content