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Shutting Down Your Tech Company? Here’s What You Need to Know

Shay CPA

Research local laws to ensure you’re compliant with account closure requirements in every applicable state. Submit your final tax filings Some states (including Delaware) require you to get fully paid up on your taxes before you can dissolve your corporation. You also need to notify the IRS of your dissolution.

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1031 Exchange Explained: How to Pay Zero Tax on Real Estate Gains

LyfeAccounting

One is just paying the capital gains tax which a lot of people do to avoid the stress of finding a property. Or, you can put your 1031 money in a Delaware Statutory Trust or “DST”. So you would report the 1031 transaction on Form 8824 and include it with your tax return. We’d love to hear what you think!