Critical Tax Issues in Buying & Selling a Business [BSB4 Anc]

Full Description

CRITICAL TAX ISSUES IN BUYING AND SELLING A BUSINESS

Date: November 8, 2013

Facility: AKCPA Office
341 West Tudor Rd. #105
Anchorage, Alaska 99503

One of the major transactions CPA clients enter into is the purchase or disposition of a business. To help tax professionals in advising those clients, this course offers a detailed analysis of the tax considerations of a business acquisition both from the buyer's and the seller's perspectives, and structural issues in its financing.

Major Topics:
Seller's considerations:
Planning to avoid the double taxation with the repeal of General Utilities
Stock sales vs. asset sales: advantages and disadvantages
Depreciation recapture
Special problems and opportunities when an S corporation is a seller of assets or the business being sold
Partnerships and LLCs: unique considerations and pitfalls
Liquidations: their role following a disposition
Using installment sales to defer gain recognition Buyer's considerations:
How to allocate purchase price for a tax advantage
Cost segregation
What costs are deductible? Which must be capitalized?
Impact of 197 amortizable intangibles on the structuring of an acquisition
Uses of 338 and 338(h)(10) to tax and non-tax advantage
Installment sales in financing an acquisition
Learning Objectives:
Identify the different tax consequences for various forms ofacquired businesses
Recognize tax planning opportunities
Designed For: All practitioners who will be involved in thepurchase/sale of a business
Level of Knowledge: Intermediate
Prerequisite: A basic course in partnerships/LLCs andS corporations; experience with C corporations
Advanced Preparation: NONE
Credits: 4
Acronym: BSB4
Discussion Leader: Peter Towle

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