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22WC-1007: Tax Considerations in Buying and Selling a Business (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Monday, December 19, 2022
Time 10:00am - 5:30pm
Central Time
Location Online
CPE credits CPE 8.0
Field(s)
of study
Taxes - Technical (8.0)
Fees
Standard Member Fee $289.00
Standard Nonmember Fee $389.00

Description

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.

Who should take this program?

CPAs, financial professionals and attorneys.

Major subjects

  • 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

Learning objective(s)

  • 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

Notes:

Course code Code 22WC-1007
Sponsor CalCPA Education Foundation
NASBA ID#: 104822
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. An understanding of the taxation of individuals, corporations, S Corporations and partnerships.
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

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