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
