Death and Taxes

If so few people actually pay estate taxes, why do small-business owners fear it? As CPA Janet Poppen explains in this Q&A, they have good reason

If paying the estate tax is a big burden for some family businesses, not paying the tax can also be a burden. Many small businesses take elaborate, expensive steps to avoid their worst-case scenario: the specter of having to sell the company in order to pay the estate taxes due when the owner dies.

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