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Posted by Ken Dunnington [71.211.204.225] on Friday, August 06, 2010 at 20:39:21 :
In Reply to: Good points posted by D Sherman [72.47.9.228] on Friday, August 06, 2010 at 18:17:35 :
When a parent wishes to hand down their company to sons/daughters the IRS looks at it perhaps a bit differently than we would like them to. I know this is significant issue with family farms. Many times inheritors of the business must take out loans, sell part of it, etc to pay the tax man.
Ken