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Tax Considerations for Buying and Selling a Business 4172549C
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Review the options for structuring a sale from both the buyer's and seller's perspectives with the purpose of minimizing tax cost. Also, consider the sale of C corps, S corps and partnerships to aid in planning the sale and determining the value of using a partnership or S corp to conduct the business. Cover topics not routinely considered in a tax compliance practice but are important to the sale of a business.

1/12/2018
When: 9:30 AM to 5:00 PM
Where: Webinar/Webcast
United States
Presenter: John G. McWilliams, CPA, JD
Contact: April Deneault
801-466-10846


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Curriculums:   Business and Corporate Taxation,Financial Leadership Forum,Business and Industry

NASBA Credit Category:  Taxes

CPE Hours:  8

Description

Review the options for structuring a sale from both the buyer's and seller's perspectives with the purpose of minimizing tax cost. Also, consider the sale of C corps, S corps and partnerships to aid in planning the sale and determining the value of using a partnership or S corp to conduct the business. Cover topics not routinely considered in a tax compliance practice but are important to the sale of a business.

Materials are provided as an ebook.



Major Subjects

  • Taxable asset sales, sale of stock of corporation and stock redemptions
  • Comparison of tax consequences of C corps, S corps and partnerships
  • Tax treatment of transaction costs of acquired intangibles, IRC 197
  • Seller consulting and employment agreements
  • Installment sales
  • Employee stock ownership plan
  • Tax deferred acquisitive corporate reorganizations
  • Net operating losses and tax credits of acquired corporate business
  • Sec. 1202; Stock Section 1244; the basics of stock Section 754 elections; and Sec. 338 and 338(h)(10) elections

 

Objectives

  • Recognize tax planning opportunities for selling a business.
  • Identify the tax consequences of using employment and consulting agreements, covenants not to compete, personal goodwill and contingent sales price.
  • Recall how to treat acquired intangibles (IRC 197).
  • Identify the basics of Section 754 and Section 338 elections.
  • Determine how to best transfer ownership to employees.

Level:  Intermediate

Designed For

CPAs and attorneys who have at least two years of experience advising owners of privately owned businesses.

Advanced Prep:

None.

Prerequisite

An understanding of the taxation of corporations, S corps and partnerships.

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