In: Accounting
Lets say I owned a business worth $100 million dollars and I have 25% stake in the company. Lets say 100% of the what I own in the company will be taxable and I am married and it will be filed jointly. Company's net income is $17.5 million.
What would be the estate tax attributable, 100% interest will be taxable and filling jointly?
Also can you please mention some tax laws that would be beneficial in this situation?