Description
Review options for structuring the sale of a C corporation business from both buyer's and seller's perspectives to minimize tax costs. This course covers topics not routinely considered in a tax compliance practice but essential to the sale of a C corporation business.
Presenters - John G McWilliams
Designed For
Designed For: CPAs, CFOs, and other finance professionals interested in the topic.
Role Level - Entry-level/Individual contributor; Manager/Senior Manager; Director; Executive/VP; C-Suite; Sole Practitioner
Objectives
- Recognize tax planning opportunities for selling a C corporation business
- Identify the tax consequences of using employment and consulting agreements, covenants not to compete, personal goodwill and contingent sales price
- Recognize special installment sale rules applicable C corporation asset sale and corporate liquidation.
- Identify the basics of acquisitive reorganization
- Recognize the rules related to the allocation of purchase among assets acquired
Highlights
- Taxable asset sales, sale of stock of the corporation and stock redemptions
- Tax treatment of transaction costs of acquired intangibles, IRC 197
- Seller consulting and employment agreements
- Installment sales
- Sales of stock to Employee stock ownership plan
- Tax-deferred acquisitive corporate reorganizations
- Net operating losses and tax credits of acquired corporate business
- The basics of stock sales eligible for Sec. 1202 and Section 1244
Advanced Prep
None
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Leaders
CALCPE Panel
No Biography Available