MNCPA is here for you.
Let us know how we can help.

22WS-1303: 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.

Date Thursday, December 29, 2022
Time 8:00am - 11:30am
Central Time
Location Online
CPE credits CPE 4.0
Field(s)
of study
Taxes - Technical (4.0)
Specialty
credits
4.0 IRS CE approved
Instructor Michael Frost, CPA
American Institute of Certified Public Accountants
Fees
Standard Member Fee $159.00
Standard Nonmember Fee $159.00

Description

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.

Who should take this program?

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

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

Notes:

Course code Code 22WS-1303
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. A basic course in partnerships/LLCs; experience with C Corporations
Advance
prep
None

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