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<p class="MsoNormal">I’m reaching out to see if anyone knows whether the controlling interest transfer time period “resets” after payment of excise tax.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Scenario would be that Member owns 75% of an LLC. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Member sells 25% in January. No excise tax due.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Member sells another 25% in July. Excise tax is due based on the FMV of the property.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">THEN Member sells her last 25% in December. Is excise tax due again or did the payment of the tax in July reset the 3 year period?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Amy C. Allison<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Anderson Hunter Law Firm, P.S.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">2707 Colby Ave. #1001<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Everett, WA 98201<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">(425) 252-5161<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Direct: (425) 303-3109<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">Fax: (425) 258-3345<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Tahoma",sans-serif;color:#222A35">This electronic message transmission contains information from the law firm of Anderson Hunter which may be confidential or privileged. The information is intended
to be for the use of the individual or entity named above. If you are not the intended recipient, be aware that any further review, disclosure, copying, distribution or use of the contents of this transmission is prohibited. If you have received this electronic
message transmission in error, please notify us immediately by reply e-mail and delete the original message.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Tahoma",sans-serif;color:#222A35">We do not accept service of any kind by e-mail unless expressly authorized in writing by the attorney of record. E-mail communications are not intended to create
contracts or CR 2A agreements. All such agreements must be signed by the attorney of record.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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