Dec 11 2023 36 mins 17
If you plan to exit your business soon and are charitably inclined, you may have untapped tax-saving opportunities!
In this episode, Zacc Call and Laura Hadley discuss tax-efficient charitable giving strategies for business owners planning to exit their businesses. They specifically share ways to leverage donor-advised funds (DAF) and charitable remainder trusts to reduce capital gains tax and maximize your tax deductions.
Zacc and Laura discuss:
- How income from selling a business is taxed in the U.S.
- How a complex asset donation works (structure, timeline, associated costs, etc.)
- DAFs vs. charitable remainder trusts — finding which strategy is right for you
- Different types of professionals you should consult for tax-efficient charitable giving and exit planning
- And more
Resources:
- Guided Path 7-1 Charitable Giving: Donating Cash vs. Stocks
- Guided Path 7-2 Timing Your Charitable Giving
- Guided Path 7-3 Qualified Charitable Distributions
- Guided Path 7-4 Donor-Advised Funds
- Guided Path 6-4 Exiting Your Business From A Legal Standpoint
Connect with Capita Financial Network:
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- (801) 566-5058
- Capita Financial Network
- LinkedIn: Zaccary Call
- LinkedIn: Laura Hadley
- LinkedIn: Capita Financial Network
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