Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Great questions Lotax to ask regarding this very complex transaction.

My recommendation is to get preliminary advice from this board, but sit down with a knowlegable tax accountant or tax attorney who is familiar with this type of transaction and get the final advice. There are many things to consider here. A face-to-face interview will yield a more complete view of your particular situation and perhaps a more favorable tax consequence. You want to make sure you get the best advice from someone who could help you structure your sales agreement to your best tax advantage.

I wish someone would make me an offer I couldn't refuse for my practice! I am envious.

Best wishes.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.