2010 Tax Issues - Significant Tax Increases

Significant Tax Increases effective January 1, 2011 will affect the sale of a business!!! If you are the owner of a profitable business and are anticipating the sale of your enterprise within the next several months you need to understand the how new tax laws will affect the outcome of your sale.

Effective January 1, 2011,

• Long Term Capital Gains rate will be 20%
• Individual top ordinary income tax rate will be 39.6%
• Dividends will be taxed at ordinary tax rates vs. the current preferential capital gain rate

Attached is a summary outlining the changes, click here to view pdf.