California
925-361-0620

 

Our Advisors


Dan Parks
Tom Schindler

News

Free Support

There are five basic locations on this website for obtaining ...

Pay Estate Taxes Without Liquidating Your Dealership

In the case of a closely held business interest, an IRS R...

 

Industry News
© 2010 Automotive Advisors of America, Inc.

Pay Estate Taxes Without Liquidating Your Dealership

In the case of a closely held business interest, an IRS Ruling shows how some family’s can spread their estate tax bill over 14 years and the first installment can be delayed for up to 5 years after the estate-tax return is due.

As of now, for estate tax purposes, a closely held business interest includes more than a 20% interest in a partnership or corporation, or a sole proprietorship - and the decedent must have been “active” in the business. The new ruling defines what a “passive” investment is.

Not every estate qualifies and you should talk to your CPA, or tax attorney. Essentially, the value of the decedent’s business interest must make up more than 35% of the business owner’s estate. Your CPA, or tax attorney can help you develop an estate plan that meets the requirements.


Other Announcements

Free Support

Pay Estate Taxes Without Liquidating Your Dealership

Personal Goodwill

 
Copyright © 2004 by Automotive Advisor's of America and PrimeConcepts for Internet Solutions - All rights reserved
Developed by PrimeConcepts for Internet Solutions