Case Study
Stock Sale of Service Business
Problem
The owner of a service business selling his company stock for $6.4 million learned from his CPA that he would have to pay more than $1.9 million in federal and state taxes, leaving him with just over $4.1 million after-tax profit at close of escrow.
Horizon Tax Advantage
The seller received more than $5.6 million tax-free, an increase of more than $1.5 million as compared to what he would have received with conventional planning.
