Understand the role of the CPA in the beginning of the transaction and throughout the buying and/or selling process. Identify the different tax consequences for various forms of acquired businesses. Learn about Section 338 and Section 338(h)(10) elections and the benefits of installment sales. Highlights
An overview of the beginning of the process and documents for preliminary tax planning
The need for due diligence in acquisitions and checklists of important points
Deemed asset sales -- Is Section 338 or Section 338(h)(10) appropriate?
The impact of the Section 197 amortizable intangibles regulations on the acquisition and disposition of a business
How to allocate purchase price for tax advantage
Planning to avoid double taxation under 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 the recognition of tax planning opportunities
Unique issues in buying and selling of LLC or partnership interests
Individually owned goodwill
Registration
PICPA Member: $145 Nonmember: $195
More Information
Course No. 766800Level: Intermediate
Prerequisites:
A basic course in partnerships or LLCs; experience with C corporations
Notes
This is a four-credit seminar
Speaker(s)
Dennis Riley
Dennis Riley, CPA, MBA
Dennis Riley has more than 25 years of experience in accounting, consulting,
tax preparation, and government representation. He specializes in the tax and
business needs of individuals, families, and entrepreneurial small businesses.
The Vision Project identified him as an early adopter of new technology and new
integrations of accounting and consulting information. He is a frequent lecturer
on topics related to taxation and closely-held businesses.
Riley’s experience includes a range of services including negotiations with
federal and state government tax authorities, offers in compromise, closing
agreements, strategic business plans, litigation support, record reconstruction,
business formation and dissolution, problem solving, and tax preparation. He has
resolved multiple-year filing issues, organization issues, and business
transition problems.