The $707,000 Tax Bill a Plano Business Owner Didn't Have to Pay: Charitable Remainder Trusts for Texas Families With Appreciated Assets
Marcus Webb spent twenty-eight years building a landscape company in Plano worth $3.15 million. When a buyer made an offer, his CPA delivered the news: $707,000 in federal capital gains taxes due the spring after closing. A friend mentioned something Marcus had never heard of — a charitable remainder trust. The call Marcus made the next morning changed the entire transaction.
Read Article