Corporate
Mar. 3, 2012
A checklist for selling your company in 2012
Take these immediate steps to ensure that the sale will close in 2012 before tax rates increase. By Jeremy D. Glaser of Mintz, Levin, Cohn, Ferris, Glovsky, & Popeo LLP
One of today's most discussed political topics is the expected expiration of the Bush tax cuts after Dec. 31. If Congress does not act, among other things, the individual U.S. federal income tax rate on long-term capital gains will increase on Jan. 1, 2013 for those earning more than $200,000 per year from 15 percent currently to 23.8 percent. (An approximately 60 percent increase in the rate!) In addition, Gov. Jerry Brown intends to seek...
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