Buying and Selling a Business: Tax and Structuring Overview
Overview
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.
Highlights
An overview of the beginning of the process and documents for preliminary tax planning Recognizing the need for due diligence in acquisitions, including checklists of important points Deemed asset sales - 338 and 338(h)(10) The impact of the 197 amortizable intangibles regulations on the acquisition and disposition of a business Allocating purchase price for tax advantage Planning to avoid double taxation under the repeal of the General Utilities doctrine Special problems and opportunities when an S corporation is the buyer or seller Installment sale and interest issues Avoiding tax pitfalls and recognizing tax planning opportunities Unique issues in buying and selling LLC/partnership interests 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 Individually owned goodwill
Prerequisites
A basic course in partnerships/LLCs; experience with C corporations
Designed For
All practitioners who will be involved in the sale of a business
Objectives
Understand the CPA’s role in the beginning of the transaction and throughout the process Identify the different tax consequences for various forms of acquired businesses 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 Appreciate 338 and 338(h)(10) elections and the benefits of installment sales Understand the impact of 751, 743, 734, and 754 on the purchase or sale of a partnership
Preparation
None
Leader(s):
Leader Bios
Doug Stives
Douglas received a Bachelor’s Degree in Accounting and an MBA from Lehigh University. He started his accounting career with Price Waterhouse and joined Curchin & Company in 1970. Stives is currently head of the Tax Department at Curchin & Company, one of the largest CPA firms in Central Jersey with a 27 member staff.
Stives is currently Chairman of the Tax Publications Task Force and a member of the Small Business Taxation Committee of the American Institute of CPAs. He is a frequent lecturer for several New Jersey organizations and serves as an instructor for various courses offered by the New Jersey Society of CPAs and the American Institute of CPAs. He has appeared on national and local television, including CNN, CNBC, PBS and all three major networks. Stives is quoted frequently in national publications, including The New York Times, The Wall Street Journal, Forbes, Fortune and USA Today. In 1989-90 he was President of the 13,000 member New Jersey Society of CPAs. In 1993 Stives was a member of Governor Whitman’s Transition Team.
Non-Member Price $234.00
Member Price $169.00