Review options for structuring the sale of a business from both buyer’s and seller’s perspectives to minimize tax cost. Attendees will consider the sale of C corporation, S corporation and partnerships. This course covers topics not routinely considered in a tax compliance practice but essential to the sale of a business.
Taxable asset sales, sale of stock of the corporation and stock redemptions. Comparison of tax consequences of C corporation , S corporation 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.
An understanding of the taxation of individuals, corporations, S corporations and partnerships.
CPAs, financial professionals and attorneys.
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. Identify the basics of Section 754 and Section 338 elections.
- John McWilliams, California CPA Education Foundation
Non-Member Price $399.00
Member Price $299.00