Is the asking price fair? What is my ideal tax situation? Should I demand cash or would a note be more appropriate? Does it matter how the purchase price is allocated?

At Mierendorf and Co., we may be able to help you avoid paying capital gains taxes via the use of a tax-free exchange. A tax-free exchange is the transfer of assets or property from one taxpayer to another that is specifically exempted from federal income tax consequences.

To learn more about the various types of tax-free exchanges or to see if you can qualify, please contact our team of CPAs today for a free consultation.