How can I avoid tax from a cash merger ?

Posted by admin on March 8th, 2010 and filed under merger | 1 Comment »

I have shares of a private company which was acquired for cash by a public company in Jan 07. A check for about $30k will be mailed to me soon for my shares. What is the best way to avoid as much tax as possible ?

I am self employed but don’t know how much money I will earn this year. So for example, can I put all of the $30k into my SEP IRA thereby avoid paying tax on it?

Any help would be greatly appreciated.

Thanks!

It is really too late. The contribution to the SEP will help reduce taxes but you may not be able to contribute very much.

You should get some help from a competent tax advisor like a CPA.

One Response

  1. Nusha Says:
    March 8th, 2010 at 10:13 pm

    It is really too late. The contribution to the SEP will help reduce taxes but you may not be able to contribute very much.

    You should get some help from a competent tax advisor like a CPA.
    References :

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