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The Difference Between an Asset Sale and a Stock Sale

Posted in Small Business, Tax News on May 18, 2023

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. Closely Held Businesses looking to negotiate a sale of their business will either do an Asset Sale or a Stock Sale. …

Tagged with: Amortization, Asset Acquisition Statement, Asset Sale, Attorney, Capital Gains, Captial Gains Tax, CPA, Customer Lists, Depreciation, Goodwill, Intangible Assets, Internal Revenue Service, IRS, IRS Form 8954, Non- compete agreement, Ordinary Income, Purchase and Sale Agreement, Stock Sale

4 Easy Steps to File Your Income Tax Extension

Posted in Tax News on April 7, 2013

Your 2012 income tax return is due on April 15, 2013. What if you can’t get it done on time? Here are 4 easy steps to file your income tax extension. 1) Prepare a Tax Projection

Tagged with: Capital Gains, Captial Gains Tax, Dividends, Estimated Tax, Form 4868, Form CT-104-EXT, Form W-2, Income Tax, income tax extension, Income Tax Penalty, Interest, ira, Pension, roth ira, Self-Employed, SEP, Simplified Employee Pension, Social Security, Tax Penalty

Why the Fiscal Cliff is Fiscally Irresponsible

Posted in Tax News on December 3, 2012

The Federal Government and the country are set to go off the Fiscal Cliff on New Year’s Day. The term Fiscal Cliff refers to number of laws that if they remain unchanged, could result in significant tax increases…

Tagged with: Affordable Care Act, Bush Era Tax Cuts, Capital Gains, Captial Gains Tax, Congress, credit rating, deficit, disposable income, estate tax, Federal Estate Tax, Federal Estate Tax Exclusion, fiscal cliff, GDP, gross domestic product, Income Tax, Itemized Deductions, medicare surtax, New Years Day, Obama Care, Payroll Tax Cut, Personal Exemption, Qualified Dividends, Recession, Sequestration, Social Security, Social Security Tax

5 Reasons Donors Should Give Appreciated Property

Posted in Tax News on November 10, 2011

Donors should give appreciated property to their favorite charity. Appreciated property is property whose Fair Market Value exceeds the cost basis. Cost basis is generally what was paid for an item.

Tagged with: Adjusted Gross Income, AGI, Appreciated Property, Asset, Avoid Capital Gains Tax, Capital Gains, Captial Gains Tax, Cash Donation, Cash Donations, Charitable Donation, Charities, Charity, Connecticut, Connecticut Estate Tax, Cost Basis, CT, CT Estate Tax, Donation, Donors, economy, Estate, Estate Planning, estate tax, Fair Market Value, Federal Estate Tax, Federal Income Tax, Income Tax, Itemized Deductions, Property, Restricted Gift, Schedule A, Standard Deduction, Stock, Unrestricted Gift

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

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The Difference Between an Asset Sale and a Stock Sale

5 Reasons Donors Should Give Appreciated Property

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Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

The Difference Between an Asset Sale and a Stock Sale

4 Easy Steps to File Your Income Tax Extension

Why the Fiscal Cliff is Fiscally Irresponsible

5 Reasons Donors Should Give Appreciated Property

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885