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I have a good tax attorney, contact me if you want contact info. Here is one possible method. There is a company that will let you buy income insurance which yo
by triviatise 15y ago
I have a good tax attorney, contact me if you want contact info. Here is one possible method. There is a company that will let you buy income insurance which you can then expense wholly (for the whole amount of the sale of your company). At some later date when you have additional expenses or take a loss or with other specific triggers, the insurance company will pay out your losses. You would typically do this in a year when you take a loss and the income from the insurance company balances the expenses for that year. They charge around 5-7%
This is basically a way to smooth out and balance taxes over multiple years.