How can I avoid tax from a cash merger ?

I have shares of a private company which was acquired for cash by a public company in Jan 07. A check for about $30k will be mailed to me soon for my shares. What is the best way to avoid as much tax as possible ?





I am self employed but don't know how much money I will earn this year. So for example, can I put all of the $30k into my SEP IRA thereby avoid paying tax on it?





Any help would be greatly appreciated.





Thanks!

How can I avoid tax from a cash merger ?
It is really too late. The contribution to the SEP will help reduce taxes but you may not be able to contribute very much.





You should get some help from a competent tax advisor like a CPA.

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