August 18, 2022


Webinar


4 Total CPE Credits

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Buying and Selling a Business: Tax and Structuring Overview

  • Instructor

    Michael Frost

Learning 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 to the seller 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

Major Topics

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

CPE Credits Available

4
Total CPE
4
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Intended Audience

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

Provider

SURGENT

This event has ended.