Capital Gains Taxes Update: October 16, 2006

As of October 16, 2006 the IRS allows for deferred payment of capital gains taxes on real estate and corporate sale proceeds...

In a structured real estate sale, or the sale of a corporation, the seller is now eligible for installment sale reporting to the IRS.

The benefits to the seller can be significant in that capital gains tax is deferred and the full proceeds from the sale can be invested and earn a return.

In addition to potentially significantly decreasing (or, based on the term of the installments) eliminate completely the net expense of the payment of capital gains taxes to the IRS.

This is new legislation, and may be beneficial to you if you face significant capital gains taxes on the sale of a corporation or real estate property.