Tax Planning-Buying and Selling C Corporations 2024

Overview

Review options for structuring the sale of a C corporation business from both buyer’s and seller’s perspectives to minimize tax costs. This course covers topics not routinely considered in a tax compliance practice but essential to the sale of a C corporation business.

Highlights

• Taxable asset sales, sale of stock of the corporation and stock redemptions
• Tax treatment of transaction costs of acquired intangibles, IRC 197
• Seller consulting and employment agreements
• Installment sales
• Sales of stock to Employee stock ownership plan
• Tax-deferred acquisitive corporate reorganizations
• Net operating losses and tax credits of acquired corporate business
• The basics of stock sales eligible for Sec. 1202 and Section 1244

Prerequisites

None

Designed For

CPAs, CFOs, and other finance professionals interested in the topic.

Objectives

• Recognize tax planning opportunities for selling a C corporation business
• Identify the tax consequences of using employment and consulting agreements, covenants not to compete, personal goodwill and contingent sales price
• Recognize special installment sale rules applicable C corporation asset sale and corporate liquidation.
• Identify the basics of acquisitive reorganization
• Recognize the rules related to the allocation of purchase among assets acquired

Preparation

None