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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.

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