One of the major transactions CPA clients enter into is a purchase or disposition of a business. To help tax professionals in advising those clients, this course offers a comprehensive analysis of the business and tax aspects of buying and selling a business. It is a practical guide to help practitioners and industry CPAs understand structuring techniques. All CPAs, including controllers and executives in industry, should understand how difficult the process of buying and selling a business has become.
* 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 to the seller 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
* An overview of the beginning of the process and documents for preliminary tax planning * Recognizing the need for due diligence in acquisitions: checklists of important points * Deemed asset sales: Is §338 or §338(h)(10) appropriate * The impact of the §197 amortizable intangibles regulations on the acquisition and disposition of a business * How to allocate purchase price for tax advantage * Planning to avoid double taxation under 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 recognition of tax-planning opportunities * Unique issues in buying and selling of 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
Who Should Attend
All practitioners who will be involved in the sale of a business
A basic course in partnerships/LLCs; experience with C-corporations
Additional Event Information
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