Surgent's Buying and Selling a Business: Tax and Structuring Overview

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  • Location
    • Your Space
      Your Space
      Self Study - Surgent, ID 00000
  • Credits
    • 6.00
  • Credit Type(s)
    • Taxes (Technical) (6.00)
  • Prerequisites
    • A basic course in partnerships/LLCs; experience with C corporations

  • Vendor
    • Surgent
  • Level
    • Intermediate
  • Fields of Study
    • Taxes
  • Message
    • When & Where You Want

Description

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.

Type = Download

  • Qualifies for IRS CE Credit
  • Designed For

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

    Objectives

    • 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 for sellers of various forms of businesses, including the impact of the net investment income tax (NIIT) and the §199A pass-through deduction
    • Appreciate §338 and §338(h)(10) elections and the benefits of installment sales
    • Understand the impact of §§751, 743, 734, and 754 on the purchase or sale of a partnership

    Highlights

    • An overview of the beginning of the process and documents for preliminary tax planning
    • Recognizing the need for due diligence in acquisitions, including checklists of important points
    • Deemed asset sales – §338 and §338(h)(10)
    • The impact of the §197 amortizable intangibles regulations on the acquisition and disposition of a business
    • Allocating purchase price for tax advantage
    • Planning to avoid double taxation under the 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 recognizing tax planning opportunities
    • Unique issues in buying and selling LLC/partnership interests
    • Impact of the net investment income tax (NIIT) and the §199A pass-through deduction on the tax due on the sale of a pass-through entity
    • Individually owned goodwill

    Advanced Prep

    None

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