State Tax Considerations When Selling a Business (Completed)

Too often state tax considerations are not on the radar when the sale of a business is being negotiated. This webinar will address the many state tax considerations that should be reviewed when a business is being sold, including characterization and apportionment of gain; sales tax occasional sale exemptions; bulk sale requirements; real property transfer taxes; and key contract provisions relating to tax representations, indemnification, and control of audits.

Who Should Attend
Too often state tax considerations are not on the radar when the sale of a business is being negotiated. This webinar will address the many state tax considerations that should be reviewed when a business is being sold, including characterization and apportionment of gain; sales tax occasional sale exemptions; bulk sale requirements; real property transfer taxes; and key contract provisions relating to tax representations, indemnification, and control of audits.

Topics Covered

• Characterization of business asset and stock sales
• Timing / accrual rules
• Apportionment of proceeds
• Sales tax implications for sales of businesses
• Bulk sale requirements
• Due diligence and general contract provisions
• Real property transfer taxes

Learning Objectives

• Identify the state and local tax implications of business asset sales versus business stock and other intangible sales
• Describe how to properly apportion and allocate the gain from business sales
• Recognize sales and use tax reporting obligations related to the sale of a business
• Manage due diligence processes and review contractual language related to business sale transactions

Level
Overview

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None