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Friday, December 10, 2021 Live Webcast

Buying and Selling a Business: Critical Tax and Structuring Issues (E2112213)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

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

INSTRUCTOR

Don Cochran

Don Paul Cochran, CPA, J.D., CFP, CRC

Don Paul Cochran, J.D., CPA Don has practiced law in both Iowa and Minnesota for 40 years. He is currently in solo practice of law in Apple Valley, Minnesota, focusing on tax, estate planning, and small business organization and management. He was a CPA with the Small and Emerging Business practice of then-Big 8 accounting firm, Touche Ross, in Bloomington, Minnesota, and has served as the Vice President of Tax and CFO with various privately and publicly held companies. He also served as an advanced sales consultant with Securian Financial, Nationwide Financial, and Pacific Life Insurance Company’s Annuity and Mutual Fund division, providing advanced planning support for financial advisors on topics of financial and estate planning for small to medium-size businesses and wealthy individuals.

Don is actively involved in continuing education and other seminars for financial professionals and accountants, on topics related to tax issues for individuals and small businesses; current financial planning and asset transfer; and preparing for and living through retirement. Don is much sought after as a presenter of CPE for seminars sponsored by state societies of CPAs, CPA firms, and other providers of continuing education for financial professionals, and is a featured speaker at several national tax conferences.

Don earned a Bachelor of Science in General Science from the University of Iowa, Iowa City, Iowa, and graduated from the University of Iowa College of Law with his Juris Doctorate. In addition to being a licensed attorney in Minnesota and Iowa, he maintains his license as a Certified Public Accountant. He also attained the designation of Certified Financial Planner® and Certified Retirement Consultant.®

PRICING

$289.00 - Member

$439.00 - Nonmember

Register Today


Note: Online pre-registration will close on December 10 at 9:00 AM.

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COURSE DEVELOPER

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