June 7, 2023


Live Webcast


4 Total CPE Credits

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Buying and Selling a Business: Tax and Structuring Overview (in collaboration with the FICPA)

Learning Objectives

<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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Major Topics

<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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CPE Credits Available

4
Total CPE
4
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax
  • Taxation

Prerequisites

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

Intended Audience

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

Provider

Maryland Association of CPAs

This event has ended.