The sale of a business is a major event for the owners. This course considers the comparative federal tax consequences of selling a business operated as a partnership entity or a corporation with or without making an S corporation election.
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
