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I read the answer regarding the sale of an insurance agency.
I read the answer regarding the sale of an insurance agency. Is it my understanding that the sale of the "book of business" (the agency has been in business for several years) is not a long-term capit… read more
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, My parents are in the process of selling there house
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I am an insurance agent. My agency is an LLC. I have a
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What is required to take to tax preparer on land that you sell in another state from your primary residence? And how does the irs take tax on that land? Do we also need to file a tax form in the state… read more
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THis is similar to a question you answered a few years ago.
THis is similar to a question you answered a few years ago. Taxpayer is selling an insurance agency. His only asset is a book of business that he purchased for $160K. He capitalized $70K and the remai… read more
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I live in NYC and am considering my small business within the
I live in NYC and am considering my small business within the next 6 months. I am a sole properietor and will be taking a down payment and holding a secured note for 5 or 6 years for the balance. I re… read more
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I am a financial advisor considering selling my practice (a
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I am a 71 year old insurance broker. This past year I sold
I am a 71 year old insurance broker. This past year I sold part of my renewals to a company that purchases agent's books of business. I can't seem to get an answer as to how this should be treated.… read more
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i have a vacant building lot for sale. this lot was ...
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what is the capital gains law for selling residential real ...
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I own an Allstate Insurance agency. The business is owned ...
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what is the tax for capitol gains on your primary ...
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my parents who file joint returns bought their home 20 ...
my parents who file joint returns bought their home 20 years ago for 100,000 and are now selling their home for 700,000. They will be purchasing another home for 140,000 in another state. How much cap… read more
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