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22WC-1120: Entity Choice: Federal Tax Consideration of Sale of Business (Webinar)

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

Date Thursday, February 2, 2023
Time 10:00am - 12:30pm
Central Time
Location Online
CPE credits CPE 3.0
Field(s)
of study
Taxes - Technical (3.0)
Fees
Standard Member Fee $119.00
Standard Nonmember Fee $159.00

Description

The sale of a business is a major event for the owners. This course considers the comparative federal tax consequences of selling a business operated as a partnership entity or a corporation with or without making an S Corporation election.

Who should take this program?

CPAs, financial professionals, attorneys, and other tax practitioners

Major subjects

  • Basics of the federal taxation of partnerships, S Corporations, corporations not making the S election
  • Federal tax consequences of asset sales for partnerships or sole proprietorships
  • Federal tax consequences of asset sales for partnerships or sole proprietorships
  • Federal tax consequences of asset sales for corporations not making the S election
  • Federal tax consequences of asset sales for corporations making the S election
  • Asset sales "" comparison of federal income tax based on entity chosen
  • Federal tax consequences of sales of partnership interests
  • Federal tax consequences of stock sales for corporations not making the S election
  • Federal tax consequences of stock sales for corporations making the S election
  • Sales of ownership interests "" comparison of federal income tax based on entity chosen
  • Section 754 elections
  • Sections 338, 338(h)(10) and 336(e) elections
  • Acquisitive reorganizations "" the basics

Learning objective(s)

  • Recall the basics of selling a business either as an asset sale or the sale of an ownership interest (partnership interest or stock)
  • Recall special rules that are different for partnerships and corporations, with or with making the S Corporation election
  • Identify and analyze tax planning ideas available related to asset sales for partnerships or sole proprietorships
  • Identify and analyze tax planning ideas related to asset sales for corporations not making the S election
  • Identify and analyze tax planning ideas available related to asset sales for corporation making the S Corporation election
  • Compare the federal tax differences related to selling the assets of a business that has been operated as a partnership, or corporation, with or without making the S Corporation election

Notes:

Course code Code 22WC-1120
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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