Webinar (CA): Tax Considerations in Buying and Selling a Business

Description

Review options for structuring the sale of a business, from both buyer’s and seller’s perspectives with the aim of minimizing tax cost. Attendees will consider the sale of C corps, S corps and partnerships. This course covers topics not routinely considered in a tax compliance practice, but important to the sale of a business.

Learning Objectives

• Recognize tax planning opportunities for selling a business.
• Identify the tax consequences of using employment and consulting agreements, covenants not to compete, personal goodwill and contingent sales price.
• Recall how to treat acquired intangibles (IRC 197).
• Identify the basics of Section 754 and Section 338 elections.
• Determine how to best transfer ownership to employees.

Major Topics

• Taxable asset sales, sale of stock of the corporation and stock redemptions
• Comparison of tax consequences of C corps, S corps and partnerships
• Tax treatment of transaction costs of acquired intangibles, IRC 197
• Seller consulting and employment agreements
• Installment sales
• Employee stock ownership plan
• Tax-deferred acquisitive corporate reorganizations
• Net operating losses and tax credits of acquired corporate business
• Sec. 1202; Stock Section 1244; the basics of stock Section 754 elections; and Sec. 338 and 338(h)(10) elections

Provider
California CPA Education Foundation
Course Level
Intermediate
CPE Field of Study
Tax
8
Who Should Attend

CPAs, financial professionals and attorneys.

Instructor(s)
John McWilliams
Prerequisites

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

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Dec 9, 2021
9:00 am - 4:30 pm MDT
Location
Webinar
Total CPE Credits
8
Format
Webinar

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Webinar (CA): Tax Considerations in Buying and Selling a Business


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