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INSIDE What’s
2. 1. Turn Good Fortune Into Generational Security
Surprising St. Patrick’s Day Facts Mortgage Interest Deductions for California Homeowners Who Aren’t on the Deed Keep Your Business Sale on Track With Tax Clearances Spinach Artichoke Pizza
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WHY THESE REVIEWS EXIST These agencies work together to ensure all business tax obligations are settled before ownership changes, obligations don’t “disappear” in a sale, buyers get a clean start with no hidden debts, and sellers avoid post-closing disputes or collections. STRATEGIES TO AVOID DELAYS AND PROTECT YOUR TRANSACTION Tax clearance issues can derail a transaction if they’re not addressed early. Both buyers and sellers play a role in making sure the deal moves forward without last-minute surprises. ... CONTINUED FROM PAGE 3
Stay Current on Filings and Payments (Sellers) Sellers should file all returns, submit closeout forms, and pay balances before requesting clearance to avoid delays. Require Proof Before Releasing Funds (Buyers) Buyers should get official clearance from all agencies before paying to avoid inheriting the seller’s tax debt. Understand Escrow Holdbacks and Payout Impact Escrow often waits for all tax clearances. In California, tax debts are paid first, which can reduce the seller’s payout, often by surprise. Work With an Attorney Early Engaging an attorney early helps prevent administrative details from becoming legal or financial obstacles. They coordinate communication between escrow, the buyer, and state agencies, respond quickly to audit requests, and track deadlines, ensuring nothing slips through the cracks.
SECURE YOUR TRANSACTION WITH EXPERT LEGAL GUIDANCE
Every business sale depends on timing and compliance. Dahl Law Group helps California business owners structure and close transactions smoothly while avoiding post-closing issues. Buying or selling a business? We’re here to help! Contact us today.
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