The Built-In Gains Tax (#BIGTax) is an important consideration for companies that have transitioned from C-corporation to S-corporation status, particularly when selling business assets. If an S-corporation disposes of appreciated assets—such as real estate, fully or partially depreciated equipment, or goodwill—the BIG Tax may apply.

An Overview of the Built-In Gains Tax (BIG Tax): https://www.valleyvaluations.com/built-in-gains-tax/

#builtingainstax #Ccorporation #scorporation