Inheritance & Estate

“How do taxes work when I inherit a business?”

CommonDeep Dive · 60 min · $170

Inheriting a business can create a mix of income tax, estate tax, valuation, and recordkeeping questions, and the answer often depends on the business structure, the date-of-death value, and how the inherited interest is later used or sold. In many cases, the tax picture also turns on whether the business is a sole proprietorship, partnership, S corporation, or LLC, since each can affect basis, reporting, and future income allocation differently. The estate’s filings, any buy-sell agreement, and the treatment of business assets versus ownership interests are often important factors in figuring out what is taxable and when. A short conversation with a CPA can sort out what applies to your specific numbers.

In your 60-minute session, the KGOB advisor handling it will:

Read your exact situation and tell you, in plain English, what’s actually going on.
Lay out your options and the trade-offs — no jargon, no judgment.
Give you a clear next step you can act on, whether that’s with us or on your own.