22WS-0355: Surgent's Buying and Selling a Business: Tax and Structuring Overview (Webinar)

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

Wednesday, June 29, 2022
8:00am - 11:30am Central Time
4 CPE (4 technical)  |  4 IRS CE

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.

Major subjects

• 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 Section 338 or Section 338(h)(10) appropriate?
• The impact of the Section 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 Section 199A pass-through deduction on the tax due on the sale of a pass-through entity
• Individually owned goodwill

Learning objective(s)

• 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 Section 199A pass-through deduction
• Appreciate Section 338 and Section 338(h)(10) elections and the benefits of installment sales

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