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.

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

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

Designed For

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

Prerequisites

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

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Jeffrey Snyder, Surgent McCoy CPE, LLC

Leader Bios

Jeffrey Snyder, Surgent McCoy CPE, LLC

Jeffrey C. Snyder, CPA Jeff Snyder, CPA is president of the J.C. Snyder Co., Inc., a professional accounting firm and Jeff Snyder, CPA LLC, a tax compliance and planning firm. He has been in the accounting profession for over 33 years. Since 1996, he is also a developer and presenter of continuing professional education for CPAs and other professionals. He combines his broad knowledge of accounting and tax concepts, along with his real life experiences into an energized teaching atmosphere that motivates his students to excel in learning and understanding complex issues. He consistently receives high evaluations from course participants and has great enthusiasm for teaching and training. In 2015, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. In the mid-1990s, Snyder was an adjunct professor of accounting at Columbus State Community College and also led training for the American Institute of Banking. Snyder is an alumnus of The Ohio State University, where he received his undergraduate training in accounting and economics.

Return to Top