July 19, 2022


Webinar


3 Total CPE Credits

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Entity Choice-Federal Tax Consideration of Sale of Business

Learning Objectives

  • Recall the basics of selling a business either as an asset sale or the sale of an ownership interest (partnership interest or stock)
  • Recall special rules that are different for partnerships and corporations, with or with making the S corporation election
  • Identify and analyze tax planning ideas available related to asset sales for partnerships or sole proprietorships
  • Identify and analyze tax planning ideas related to asset sales for corporations not making the S election
  • Identify and analyze tax planning ideas available related to asset sales for corporation making the S corporation election
  • Compare the federal tax differences related to selling the assets of a business that has been operated as a partnership, or corporation, with or without making the S corporation election

Major Topics

  • Basics of the federal taxation of partnerships, S corporations, corporations not making the S election
  • Federal tax consequences of asset sales for partnerships or sole proprietorships
  • Federal tax consequences of asset sales for partnerships or sole proprietorships
  • Federal tax consequences of asset sales for corporations not making the S election
  • Federal tax consequences of asset sales for corporations making the S election
  • Asset sales "" comparison of federal income tax based on entity chosen
  • Federal tax consequences of sales of partnership interests
  • Federal tax consequences of stock sales for corporations not making the S election
  • Federal tax consequences of stock sales for corporations making the S election
  • Sales of ownership interests "" comparison of federal income tax based on entity chosen
  • Section 754 elections
  • Sections 338, 338(h)(10) and 336(e) elections
  • Acquisitive reorganizations "" the basics

CPE Credits Available

3
Total CPE
3
Taxes

Things to Know About This Course

Prerequisites

An understanding of the taxation of individuals, corporations, S corporations, and partnerships

Advanced Preparation

None

Intended Audience

CPA's, financial professionals, attorneys, and other tax practitioners

Provider

California Society of CPAs

This event has ended.