Depending on the credit standing of the purchaserReader comment on: Buffett's Latest Submitted by Lyle (United States), Nov 26, 2012 17:45 It is possible to do an installment sale, when one only pays taxes on the money received. Of course this is effectively annuitizing the sale of the business. But if the business person does not consult a lawyer and CPA on the sale he probably deserves the taxes he pays. (If there is enough money to hit the thresholds) See IRS pub 537 for details. Note: Comments are moderated by the editor and are subject to editing. Submit a comment on this article Other reader comments on this item
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