November 11, 2024


Live Webcast


8 CPE Credits

Buying and Selling a Business Critical Tax and Structuring Issues (IRS)

November 11, 2024
Live Webcast
8 CPE Credits

Buying and Selling a Business Critical Tax and Structuring Issues (IRS)

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    Instructor

    John
    Evanich

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Learning Objectives

Understand what factors must be considered in due diligence and in developing a valuation Understand the goals and methods of negotiating the final purchase price Identify the different tax consequences for various forms of acquired 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 Learn how strategies have changed under new tax legislation Understand the required reporting to the IRS regarding the purchase or sale of a business and how to complete the forms

Major Topics

Overview of the business evaluation process Negotiation points and goals from the buyer and seller standpoints Overview of confidentiality agreements, memorandums of understanding, and asset purchase agreements Recognizing the need for due diligence in acquisitions -- checklists of important points Deemed asset sales -- Is §338 or §338(h)(10) appropriate? The use of "F reorganizations" in lieu of §338(h)(10) The impact of the §197 amortizable intangibles regulations on the acquisition and disposition of a business How to allocate purchase price for tax advantage 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 Changes in strategy under the new tax laws Liquidations as alternatives to sales of a business Planning to avoid double taxation 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 ...and much more

CPE Credits Available

8 CPE Credits
8
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Taxes

Prerequisites

A basic course in partnerships/LLCs; experience with C corporations

Advanced Preparation

None

Intended Audience

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

Provider

GSCPA

This event has ended.