Tax Aspects of Purchasing and Selling Independent Sales Representative Organizations

Related Articles

Avoiding the Tax Trap in Transferring Installment Sale Obligations

Avoiding the Tax Trap in Transferring Installment Sale Obligations

Question: I just sold stock in my corporation to a third party and received a cash payment upfront with the balance of the sale proceeds to be paid to me in the future. Since I do not need the additional funds, can I make a gift to my children of the right to the future payments?

Obstacles in Establishing Non-Qualified Deferred Compensation Plans

Obstacles in Establishing Non-Qualified Deferred Compensation Plans

Question: I want to create a deferred compensation plan for certain highly paid employees of my company to provide additional benefits for them, separate and apart from the company profit sharing and 401(k) plan. Can you advise what obstacles I must be concerned with?

Avoiding Taxable Gain on Mortgage Foreclosure

Avoiding Taxable Gain on Mortgage Foreclosure

Question: My daughter is well behind on her home mortgage payments and her house will likely be lost by foreclosure or otherwise. Will she have to pay tax on the unpaid mortgage balance?