The sale of closely held businesses raises a large number of tax issues. Some sales proceeds are taxed at ordinary income rates rather than capital gain. The structure of the sales transaction affects the buyer's depreciation and amortization going forward. The purchaser may or may not be able to deduct transaction fees related to the acquisition.
This course addresses common tax issues that arise in the sale of non-public companies and other closely held businesses, including the tax treatment of stock sales and asset sales, the election under section 338(h)(10) and the allocation of purchase price, escrow arrangements and earnouts, and the tax treatment of intellectual property and intangible assets all add challenges to planning for and reporting the sale of a closely held business.
Who Should AttendTax practitioners at all levels who provide advice and return preparation on transactions involving sale of businesses.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (4 hours)
Program PrerequisitesBasic familiarity with sale transactions, including how to calculate gain and loss.