Inheritance & Estate

“What tax questions come up when I inherit a business?”

CommonDeep Dive · 60 min · $170

Inheriting a business often raises several tax questions at once, including how the ownership transfer is treated, what happens to the business’s tax basis, and whether prior income, losses, or unpaid taxes carry into the new ownership. The answer can also depend on the business entity type, whether it is a sole proprietorship, partnership, corporation, or LLC, and how the estate documents describe the transfer. Valuation, payroll and sales tax records, and any outstanding filings or notices can also shape the tax picture, especially when the business continues operating after the inheritance. Walking the details through with a CPA is the fastest way to know what truly applies here.

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.