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Describe the after tax effects on the clients cash flow based on the sale of the land. Consider including capital gains tax rules. Explain whether
Describe the after tax effects on the clients cash flow based on the sale of the land. Consider including capital gains tax rules.
Explain whether or not the client and his child should take a salary or cash distribution according to tax purposes and the Internal Revenue Code and Treasury regulations. Consider the type of business and the tax effect whether it is salary, dividends, or cash withdrawal.
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