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Re:Sale of business assets for a $1 (1 viewing) (1) Guest
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TOPIC: Re:Sale of business assets for a $1
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Jackie (User)
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Re:Sale of business assets for a $1 5 Months, 4 Weeks ago Karma: 3  
I think the risk is that the IRS say its not an arms length transaction then they impute a sale price and make you pay taxes on the gain. I would consult with an accountant or tax attorney.

But, the amount that the yoga gym is really worth is small. I cant see the IRS caring about such a small transaction
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Sale of business assets for a $1
Tomas P 2008/05/28 22:17
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law_cast 2008/05/28 22:46
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lex_advoc 2008/05/28 22:52
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Jackie 2008/05/29 02:33
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