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Buying and Selling a Business: Tax and Structuring Overview (Z1-SEL4-2022-01-SSDL)

200 Minutes
On demand - Audio

On Demand - Audio

4 CPE Credits in TX

OVERVIEW

One of the major transactions CPA clients are faced with is the purchase or disposition of a business. To help tax professionals advise those clients, this course 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 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 for sellers 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

HIGHLIGHTS

  • An overview of the beginning of the process and documents for preliminary tax planning
  • Recognizing the need for due diligence in acquisitions, including checklists of important points
  • Deemed asset sales – §338 and §338(h)(10)
  • The impact of the §197 amortizable intangibles regulations on the acquisition and disposition of a business
  • Allocating purchase price for tax advantage
  • Planning to avoid double taxation under the 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 recognizing tax planning opportunities
  • Unique issues in buying and selling 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

COURSE LEVEL

Intermediate

PREREQUISITES

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

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for IRS credit

PRICING

$79.00 - Member

$99.00 - Nonmember

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

ALSO AVAILABLE

COURSE DEVELOPER

Surgent

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