Are you holding off selling a business or appreciated property because you might have to pay a huge tax bill on your capital gains? Taxes triggered by the sale of a highly-appreciated business, or an investment property, can eat up a substantial amount of the net gain you get from the sale, which can literally be hundreds of thousands of dollars in taxes due when the sale is done. That is not attractive to most business and property owners.
You must pay the taxes due on any appreciated asset you sell, but you don’t have to pay them right away when you close the deal:
You can defer them for up to 30 years:
- Using the LIST Plan to legally defer your taxes keeps your profit in your pocket to invest as you prefer, banking the potential gains you can earn on the money until that distant day when you finally pay the tax bill.
The LIST Plan is built to comply with Section 453 of IRS tax code, which was passed by Congress many years ago to encourage more small business people and property owners to sell, injecting liquidity into the economy. It is not a 1031 exchange program – You do not have to invest the proceeds in a new commercial property.
The LIST Plan lets you sell your assets and walk away from escrow closing with absolutely NO immediate need to pay capital gains or other taxes. Just about all of your net profit goes into your bank account, not to the IRS.
The LIST process is straightforward, but you will want to explore it in more detail before pursuing it.
May we share the following with you?
- A presentation describing how the LIST can safely defer taxes due on your asset sale for up to 30 years.
- A Capital Gains Tax Estimator
- A Tax Deferral Value Estimator (how inflation depreciates your tax bill over time)
- A FAQ containing answers to the most common questions we receive about how the LIST Plan works, and why it has IRS approval.
As with any tax-deferral strategy, we encourage you to involve your CPA and any other tax or legal counsel in exploring the potential of the LIST Plan.
- You and your advisors must be completely comfortable with the LIST deal structure, and how it conforms with tax law. We won’t work with you without involving your key advisors.
By working closely with you and your entire financial team, we will make sure you and they feel comfortable throughout the LIST Plan implementation process.
- The only thing you have to lose by investigating the LIST program is a hefty, immediate tax bill.
- The only thing you have to gain is much more cash in your pocket when you sell, and greater control over your financial future!
Contact Us for more details and a free, no-obligation tax planning diagnosis of your potential asset sale.
|