A business sale can produce several types of income across different years. This guide explains how structure, entity classification, basis, allocation, NIIT, and payment terms shape after-tax cash before the agreement is signed.

A year-end review should test more than next year’s tax result. This guide connects legal entity, federal tax classification, ownership economics, compensation, basis, real estate, multistate exposure, and exit planning across four decision horizons.

Tax exposure extends beyond the balance due on a return. For Florida business owners, it can develop across entity reporting, owner-level limitations, payroll, multistate activity, real estate, liquidity, and future transactions.

A tax preparation and advisory review should do more than file the return. For Florida business owners, it should connect filing with entity structure, estimates, cash flow, real estate activity, and multi-year planning priorities.