Sell your C-Corp business and pay no tax?

By elitecpas | September 23, 2019 | Comments Off on Sell your C-Corp business and pay no tax?
tax breaks

Section 1202 allows you to sell qualified small business stock (QSBS) on a tax-free basis! Now, add to this no-tax-on-sale benefit to the 21 percent corporate tax rate from the Tax Cuts and Jobs Act, and you have a significant tax planning opportunity. Let’s just suppose the following: You sell your C corporation stock. The…

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