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(SEL4) Surgent's Buying and Selling a Business: Tax and Structuring Overview (SEL4)
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One of the major transactions CPA clients enter into is a purchase or disposition of a business. To help tax professionals in advising those clients, this course offers a comprehensive analysis of the business and tax aspects of buying and selling a business. It is a practical guide to help practitioners and industry CPAs understand structuring techniques. All CPAs, including controllers and executives in industry, should understand how difficult the process of buying and selling a business has

6/30/2020
When: 06/30/2020
7:00 AM
Where: Webcast
SURGENT
SEL4-2020-01-WEBNR-182-01
United States
Presenter: Michael Frost, CPA


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Acronym SEL4
CPE 4
Vendor Surgent
Category
Taxes (4)
Level Intermediate
Yellow Book? No
Registration Fees
Members* $159
Non-Members $139

*The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801-466-8022, Monday through Friday, 8am to 4pm.

Course Description

One of the major transactions CPA clients enter into is a purchase or disposition of a business. To help tax professionals in advising those clients, this course offers a comprehensive analysis of the business and tax aspects of buying and selling a business. It is a practical guide to help practitioners and industry CPAs understand structuring techniques. All CPAs, including controllers and executives in industry, should understand how difficult the process of buying and selling a business has become.

Objectives

  • Understand the CPA’s role in the beginning of the transaction and throughout the process
  • Identify the different tax consequences for various forms of acquired businesses
  • Identify the tax consequences to the seller of various forms of businesses, including the impact of the Net Investment Income Tax (NIIT) and the §199A pass-through deduction
  • Appreciate §338 and §338(h)(10) elections and the benefits of installment sales

Major Topics

  • An overview of the beginning of the process and documents for preliminary tax planning
  • Recognizing the need for due diligence in acquisitions -- checklists of important points
  • Deemed asset sales -- Is §338 or §338(h)(10) appropriate?
  • The impact of the §197 amortizable intangibles regulations on the acquisition and disposition of a business
  • How to allocate purchase price for tax advantage
  • Planning to avoid double taxation under repeal of the General Utilities doctrine
  • Special problems and opportunities when an S corporation is the buyer or seller
  • Installment sale and interest issues
  • Avoiding tax pitfalls and recognition of tax planning opportunities
  • Unique issues in buying and selling of LLC/partnership interests
  • Impact of the Net Investment Income Tax (NIIT) and the §199A pass-through deduction on the tax due on the sale of a pass-through entity
  • Individually owned goodwill


Designed For: All practitioners who will be involved in the sale of a business

Prerequisite: A basic course in partnerships/LLCs; experience with C corporations

Note: Login instructions will be provided by the webcast vendor.

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