The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Selling A LLC||Date: 5/30/2013 12:29 PM|
|Author: TMFPMarti||Number: 118642 of 122084|
Should he get the aid of a local tax lawyer or tax CPA (I presume it should be local) to help him with this sale? Or would a local real estate broker do?
Step one would be your wife hiring someone to explain things to her, including the effect of the gift. She no doubt skipped filing a gift tax return. That advisor also could explain to her (she could pass it along to your son) what "disregarded entity" means with respect to taxes and LLC's.
What a mess!
Rule Your Retirement Home Fool
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|