Leveraging the tax code
Effectively reduce capital gains, income, and other taxes by leveraging the unique opportunities presented in the tax code.
Maximize Escow Profits
Capital Asset Sale
TaxWealth can help you solve the taxes triggered by the sale of commercial or investment property, highly-valued residences, a closely-held business, or other qualified capital assets.
Selling your property, business or other capital asset without the right advice can be very risky, for two reasons:
- Property and business owners are often surprised to learn that their tax obligation when they decide to sell may be even higher than the current 20% federal capital gains tax rate, state rate and the additional 3.8% Net Investment Income Tax brought on by the Affordable Care Act; and,
- Without a well-crafted tax strategy in place, unnecessary taxes that are being paid will eat away a significantly greater portion of your profits.
Conversely, the 70,000-page tax code is packed with tax benefits that past Congresses and State Legislatures have put on the books. The problem is that most business people have no idea these benefits exist, and no idea how to find them.
TaxWealth can help you solve the taxes triggered by the sale of commercial real estate, highly-valued residence, investment property, a closely-held business, or other qualified capital assets. Even if you are in escrow or are struggling with a 1031 exchange that may soon fail, it may still be possible to solve the tax problem while maximizing your profit when escrow closes.
There is no cost or obligation to you for us to identify the types and amounts of taxes that would be triggered and how to solve them.
Common Questions
What kinds of sales does this cover?
Sales of commercial or investment real estate, high-value residences, and closely held businesses, including transactions already in escrow.
Can you help if I am already in escrow?
Sometimes, but the earlier the better. The most options exist before a sale is under contract. Once a sale closes, most planning is no longer possible.
How much of the tax can be addressed?
It depends entirely on the transaction. Our case studies show real outcomes for specific clients; every situation is different, and figures are not a prediction of your result.
Do you work with my broker and attorney?
Yes. TaxWealth coordinates with your broker, CPA, and attorney so the plan fits the deal and your advisors sign off before you act.
Is this a 1031 exchange?
No. A frequent reason owners engage us is precisely to avoid being forced into a 1031 exchange while still keeping more of the proceeds.
This information is general and not tax, legal, or investment advice. Every situation is different. Work with your own CPA and attorney before acting on any strategy.