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Selling Your Business & Paying Zero Taxes (Ep. 41)
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Starting a business is hard work. If you eventually sell that business, you likely want to maximize your pay day. We’ve never met anyone who wants to pay more in tax, but yet, a lot of people do. One of those areas that often gets overlooked is capital gains on the sale of stock in a small business. In this episode, J Barry Watts discusses section 1202 of the internal revenue code. The section is all about tax exclusions on eligible gains when you sell a small business. For some, this could mean $10 million of gains are excluded from taxes. Barry discusses: What section 1202 is and how you can use it to your benefit The key difference between tax accountants and tax strategists How planning ahead of selling your business is essential to save you taxes The legality of using internal revenue code loopholes And more Connect With Barry Watts: office@savingyoutaxes.com 800-278-1755 WealthCareCorp.com LinkedIn: J Barry Watts LinkedIn: SavingYouTaxes
The post Selling Your Business & Paying Zero Taxes (Ep. 41) appeared first on Wealthcare.
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Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on September 10, 2024 12:01 ()
What now? This series will be checked again in the next hour. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 324114821 series 2935354
Starting a business is hard work. If you eventually sell that business, you likely want to maximize your pay day. We’ve never met anyone who wants to pay more in tax, but yet, a lot of people do. One of those areas that often gets overlooked is capital gains on the sale of stock in a small business. In this episode, J Barry Watts discusses section 1202 of the internal revenue code. The section is all about tax exclusions on eligible gains when you sell a small business. For some, this could mean $10 million of gains are excluded from taxes. Barry discusses: What section 1202 is and how you can use it to your benefit The key difference between tax accountants and tax strategists How planning ahead of selling your business is essential to save you taxes The legality of using internal revenue code loopholes And more Connect With Barry Watts: office@savingyoutaxes.com 800-278-1755 WealthCareCorp.com LinkedIn: J Barry Watts LinkedIn: SavingYouTaxes
The post Selling Your Business & Paying Zero Taxes (Ep. 41) appeared first on Wealthcare.
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