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Monday, November 18, 2019 Iselin

Buying and Selling a Business: Critical Tax and Structuring Issues (E1911153)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

APA Hotel Woodbridge

120 Wood Avenue South
Iselin, NJ 08830

8.0 CPE Credits in TX

OVERVIEW

One of the major transactions CPA clients enter is a purchase or disposition of a business. To help tax professionals in advising those clients, this seminar offers a comprehensive analysis of the business and tax aspects of buying and selling a business.

DESIGNED FOR

All practitioners who will be involved in the sale of a business.

BENEFITS

  • Understand what factors must be considered in due diligence and in developing a valuation
  • Understand the goals and methods of negotiating the final purchase price
  • Identify the different tax consequences for various forms of acquired 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
  • Learn how strategies have changed under new tax legislation
  • Understand the required reporting to the IRS regarding the purchase or sale of a business and how to complete the forms

HIGHLIGHTS

  • Overview of the business evaluation process
  • Negotiation points and goals from the buyer and seller standpoints
  • Overview of confidentiality agreements, memorandums of understanding, and asset purchase agreements
  • Recognizing the need for due diligence in acquisitions - checklists of important points
  • Deemed asset sales - Is §338 or §338(h)(10) appropriate?
  • The use of “F reorganizations” in lieu of §338(h)(10)
  • The impact of the §197 amortizable intangibles regulations on the acquisition and disposition of a business
  • How to allocate purchase price for tax advantage
  • 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
  • Changes in strategy under the new tax laws
  • Liquidations as alternatives to sales of a business
  • Planning to avoid double taxation
  • 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

COURSE LEVEL

Intermediate

PREREQUISITES

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

ADVANCE PREPARATION

None

ADDITIONAL NOTES

Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Michael Frost

Michael A. Frost, CPA, EA

AICPA

Michael A. Frost, CPA, EA Mike Frost, CPA, of Albertville, Alabama, provides tax consulting, continuing education, and motivational speaking services through his company, Mike Frost Enterprises. Mike is a former shareholder of MDA Professional Group, PC, where he managed the tax department of the Albertville office. Mike has 27 years of experience in public accounting, including but not limited to: Business and individual income tax preparation and planning; mergers and acquisitions; estate, gift, and trust tax preparation; small business consulting; Medicare planning and other elder care; audit representation; and religious groups and clergy. Mike has conducted CPE engagements and seminars throughout the United States and has served as technical advisor for tax articles in The Sand Mountain Reporter, a local newspaper. Mike has been a featured presenter at the Alabama Society of CPAs Annual Meeting and the Federal Tax Clinic held annually at the University of Alabama in Tuscaloosa. Mike graduated with "high honors and distinction" from Jacksonville State University with a major in accounting and a minor in finance and a 4.0 GPA. He is a member of the American Institute of Certified Public Accountants and the Alabama Society of Certified Public Accountants. In addition, he is a graduate of the Tax Planning and Advising for Closely Held Businesses Certificate of Educational Achievement Program sponsored by the AICPA.

PRICING

$379.00 - Non Member

$279.00 - Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

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COURSE DEVELOPER

Surgent