June 7, 2022


Webinar


1 Total CPE Credits

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Buying and Selling Corporate Businesses: Using Installment Obligations

Learning Objectives

  • Understand the general approach of installment reporting of gain (IRC 453).
  • Discuss the tax consideration related to the installment sale of the stock of both S corporations and C corporations.
  • Review and evaluate the law related to the installment sale of assets of either an S corporation or a C corporation, including the decision on when to liquidate the corporation.
  • Analyze the tax law applicable when the installment note includes a contingent amount.
  • Identify and evaluate tax planning strategies and ideas.

Major Topics

  • Discussion of the law relevant to deferring gain using the installment method (IRC 453 and 453B(h))
  • Description and analysis of the installment sale of the stock of both an S corporation and a C corporation
  • The use of an installment obligation related to the sale of the assets of both an S corporation and a C corporation including consideration of when to liquidate the corporation
  • Evaluation of the tax consequences of a note with a contingent amount
  • Tax planning opportunities and strategies

CPE Credits Available

1
Total CPE
1
Taxes

Things to Know About This Course

Prerequisites

An understanding of the basics of taxation of installment sales, individuals, corporations and S corporations.

Advanced Preparation

None

Intended Audience

CPAs and attorneys.

Provider

California Society of CPAs

This event has ended.