Proposed Kinder Morgan Merger; Investors Contemplating Taxes
Potential Kinder Morgan Consolidation Spurs Interest in Tax Planning
As a result of the proposed consolidation of various entities related to Kinder Morgan (NYSE: KMI), more and more investors are interested in tax planning related to a firm’s sale. Whenever there is an unanticipated merger, interest usually increases in tax planning to avoid the large tax bill experienced by shareholders.
The proposed Kinder Morgan transaction has caught some investors by surprise. Investors in the master limited partnership involved in the proposed transaction had enjoyed certain tax benefits. Had investors been able to hold their interests until death, those tax benefits would not be recaptured. Should the proposed transaction be completed, many of these investors will be shocked by large tax liabilities they never anticipated.
Recent Google Search trends indicate more and more people searching for terms such as “reduce my income tax,” “reduce my capital gains tax”, and “business sale tax planning.”
Seeing an increased interest in such searches is no surprise as unanticipated mergers usually trigger this type of interest, according to Todd C. Ganos, Forbes online contributor and author of a free Special Insider’s Report on No-Tax/Low-Tax Diversification of Wealth Concentrations.
Ganos, who recently published the Special Insider’s Report, which discusses tax strategies that the wealthiest families use to minimize the tax effects of large asset sales, is both optimistic and cautionary about the increased interest.
“While it is always good to see more people interested in tax planning related to a specific merger or business sales in general, I would caution people against jumping into tax planning and drawing up a strategy without proper and well-thought planning. These areas are incredibly complex. People need to find a team who is well-versed in this specialized discipline of tax planning.”
The Special Insider’s Report on Low-Tax Diversification of Wealth Concentrations, available at www.ReduceMyIncomeTax.com, is intended to illustrate how the wealthiest families minimize taxes on large stock positions, pre-IPO stock, real estate, and business sales.
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- Integrated Wealth Counsel, LLC
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