Buying & Selling a Business: Tax & Structuring Overview [SEL4]
Time: 12:30pm-4:00pm
Subject:
TaxationCredit Hours:
4.00Price:
Member: $175.00
Non-member: $240.00
Discussion Leader:
Susan Smith, CPA
more info
Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.
closeWebsite registration for this course closes on September 19, 2023. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Buying and Selling a Business: Tax and Structuring Overview (SEL4)September 20th, 2023 / 12:30 pm 4:00 pm
Fireweed Conference Center
725 E Fireweed Lane
Anchorage, AK 99503
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.
Major Topics:
- 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 (NUT) and the 199A pass-through deduction on the tax due on the sale of a pass-through entity
- Individually owned goodwill
Learning 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 passthrough 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
Designed For: All practitioners who will be involved in the sale of a business
CPE Credits: 4, Taxation
Level of Knowledge: Intermediate
Prerequisite: A basic course in partnerships/LLCs; experience with C corporations
Acronym: SEL4
Discussion Leader: Susan Smith, CPA
