We received a $1,000,000 settlement which included a residence worth $150,000 and 100 acres of land worth $850,000. Now I need $150,000 to pay the IRS. What can I do?
Answers | 2
1. Sell some of the land/residence
2. Rent out the land/residence
3. Set up the land/residence as green space and get tax credits
4. Charitable contribution
5. Debt financing against the assets
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