Tax Considerations For Buying And Selling A Business

Course Details

Date

Tuesday, November 19, 2019

6:30am – 2:00pm
(Registration: 6:00am)

Field of Study

Taxation

Course Number

4192549D

CPE Credit

8.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

An understanding of the taxation of corporations, S corps and partnerships.

Description

Review options for structuring a sale from both buyer's and seller's perspectives with the aim of minimizing tax cost. Also, identify and analyze changes made by 2017 Tax Cuts and Jobs Act.

Attendees will consider the sale of C corps, S corps and partnerships. This course covers topics not routinely considered in a tax compliance practice, but important to the sale of a business.

Materials are provided as an ebook.

Highlights

  • Taxable asset sales, sale of stock of corporation and stock redemptions
  • Comparison of tax consequences of C corps, S corps and partnerships
  • Tax treatment of transaction costs of acquired intangibles, IRC 197
  • Seller consulting and employment agreements
  • Installment sales
  • Employee stock ownership plan
  • Tax deferred acquisitive corporate reorganizations
  • Net operating losses and tax credits of acquired corporate business
  • Sec. 1202; Stock Section 1244; the basics of stock Section 754 elections; and Sec. 338 and 338(h)(10) elections

Objectives

  • Recognize tax planning opportunities for selling a business.
  • Identify the tax consequences of using employment and consulting agreements, covenants not to compete, personal goodwill and contingent sales price.
  • Recall how to treat acquired intangibles (IRC 197).
  • Identify the basics of Section 754 and Section 338 elections.
  • Determine how to best transfer ownership to employees.

Designed For

CPAs, financial professionals and attorneys.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$245.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$375.00
Your Price $375.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

View All Webcasts