One of the major transactions CPA clients are faced with is the purchase or disposition of a business. To help tax professionals advise those clients, this course offers a comprehensive analysis of the business and tax aspects of buying and selling a business. It is a practical guide to help practitioners and industry CPAs understand structuring techniques. All CPAs, including controllers and executives in industry, should understand how difficult the process of buying and selling a business has become.
<li<span style="font-size: 16px; font-family: Times New Roman"Understand the CPA’s role in the beginning of the transaction and throughout the process</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Identify the different tax consequences for various forms of acquired businesses</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Identify the tax consequences for sellers of various forms of businesses, including the impact of the net investment income tax (NIIT) and the §199A pass-through deduction</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Appreciate §338 and §338(h)(10) elections and the benefits of installment sales</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Understand the impact of §§751, 743, 734, and 754 on the purchase or sale of a partnership</span </li</span</ul</ul
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<li<span style="font-size: 16px; font-family: Times New Roman"An overview of the beginning of the process and documents for preliminary tax planning</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Recognizing the need for due diligence in acquisitions, including checklists of important points</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Deemed asset sales – §338 and §338(h)(10)</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"The impact of the §197 amortizable intangibles regulations on the acquisition and disposition of a business</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Allocating purchase price for tax advantage</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Planning to avoid double taxation under the repeal of the General Utilities doctrine</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Special problems and opportunities when an S corporation is the buyer or seller</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Installment sale and interest issues</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Avoiding tax pitfalls and recognizing tax planning opportunities</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Unique issues in buying and selling LLC/partnership interests</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"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</span
</li<li<span style="font-size: 16px; font-family: Times New Roman"Individually owned goodwill</span </li</span</ul</ul
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A basic course in partnerships/LLCs; experience with C corporations
All practitioners who will be involved in the sale of a business