23SS-0365: Surgent's Buying and Selling a Business: Critical Tax and Structuring Issues (Self-Study)

Valid for one year from purchase date
Self-study - Downloadable PDF
8 CPE (8 technical)  |  8 IRS CE

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. 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.

Major subjects

• An overview of the business evaluation process
• Negotiation points and goals from buyer and seller standpoints
• An overview of confidentiality agreements, memorandums of understanding, and asset purchase agreements
• Recognizing the need for due diligence in acquisitions, including checklists of important points
• Deemed asset sales -- Section338 and Section338(h)(10)
• The use of "F reorganizations" in lieu of Section338(h)(10)
• The impact of the Section197 amortizable intangibles regulations on the acquisition and disposition of a business
• Allocating purchase price for tax advantage
• Impact of the net investment income tax (NIIT) and the Section199A pass-through deduction on the tax due on the sale of a pass-through entity
• Changes in strategy under the new tax laws
• Liquidation as an alternative to the sale 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 recognizing tax planning opportunities

Learning objective(s)

• Understand the factors that must be considered for due diligence and developing a valuation
• Understand the goals and methods of negotiating the final purchase price
• Identify the different tax consequences of various forms of acquired businesses, including the impact of the net investment income tax (NIIT) and the Section199A pass-through deduction
• Appreciate Section338 and Section338(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

Who should take this program?

All practitioners who will be involved in the sale of a business

Fees

Standard Member Fee	$159.00
Standard Nonmember Fee	$159.00