| #1 - TO MAXIMIZE THE SALE PRICE OF A BUSINESS |
| FACTS: |
| - Client wants to sell retail business held many years
to retire. |
| - Client presents to us the value of the business
prepared by an outside appraiser to be reviewed to negotiate with buyer. |
| CONCLUSION:
After preparing a Valuation of the above
business using a capitalization of earnings, We were able
to obtain the client additional proceeds in excess of $200,000 !! |
| #2 - SAVING CAPITAL GAINS TAX ON APPRECIATED REAL ESTATE |
| FACTS: |
| - Client held commercial rental property many years
with value of $300,000. |
| - Client now past 70 years of age and wants to sell to
gift cash to family members. |
| We advised him he could "exchange" this
property for another, or pass the property to heirs by inheritance. |
| - Client sold this property 2 years later resulting in
capital gain tax due of $60,000. |
| CONCLUSION:
By client willing the property to heirs, this $60,000 tax could have been saved !! |
| #3 - TO
REDUCE SOCIAL SECURITY TAXES AND THE APPLICATION OF OVERPAID INCOME TAXES |
| FACTS:
|
| - Potential client is near retirement. |
| - Potential client spends few hours per
week managing business, and has overpaid taxes applied to future years which greatly
exceed prior year liability. |
| Our advice to potential client was to
reduce present salary, pay equal dividends, ... |
| - ... and apply to refund overpaid
taxes (and invest). |
| CONCLUSION: client
enjoyed a resulting $5,000 savings in one year !! |
