Montana Law Group can assist you with your legal needs from real estate, litigation, business creation and development.
DEFERRED SALES TRUSTS
A deferred sales trust is a method used to defer capital gains tax when selling real estate or other business assets that are subject to capital gains tax. Instead of receiving the sale proceeds at closing, the money is put into a trust and only taxed as the funds from the sale are received.
1) Was your business affected by COVID in any manner?
2) Does your business have less than 500 W-2 employees?
-- If you answered YES, to both questions your business most likely qualifies for a substantial employee tax refund (up to $26,000 per W2 employee)