Buying and Selling Corporate Businesses: Stock Sales Webinar
Aug 14 3:30 - 7:00 p.m.
Online
4-Tax CPE Credits
Determine tax and non-tax differences between a stock sale and an asset sale.Identify possible benefits from using compensation arrangements, covenants not to compete, personal goodwill and contingent consideration.Recognize differences between selling the stock of a C corp compared to an S corp.Identify possible benefits of Section 1042, 1045 and 1202.Recall S corp tax planning opportunities related to suspended losses, installment sales and termination of S corp status.Recognize when a QSUB election is beneficial.Determine how a stock redemption could be used related to a stock sale. Highlights
Considers the sale of both C corps and S corps. Discuss the use of compensation for services, covenants not to compete, personal goodwill and contingent consideration, as well as the use of installment sales.Expertise in the sale of a corporate business by selling corporate stock is a situation where effective tax planning can reduce the tax cost to both the buyer and the seller. Also, consider the possible application of IRC 1202, 1042 and 1045, and the possible value of a Section 338, 338(h)(10) or when 336(e) election is evaluated.
Registration
PICPA Member: $150 Nonmember: $201
More Information
Course No. 4203113BLevel: Intermediate
Prerequisites:
An understanding of the taxation of individuals, corporations, S corps and partnerships.
Notes
None
Speaker(s)
John McWilliams
John McWilliams, CPA, JD is
Professor of Accounting at Golden Gate University. Previously he was a
Professor of Accounting at San Francisco State University. He began his
career as a tax adviser with a Big Four CPA firm. For more than 30 years,
while teaching, he has been a tax adviser to lawyers and CPAs regarding
the tax matters of their clients. Areas of expertise include tax issues
related to buying and selling privately held businesses, financially
troubled businesses, business restructuring and reorganization and
ownership succession to employees or family members. Mr. McWilliams is
active in CalCPA, having served as president of the San Francisco Chapter,
chair of the Financial Literacy Initiative, a member of the CalCPA Board
of Directors serving as Vice Chair. He is currently a member of the
Taxation Committee, the Financial Literacy Committe, and the Accounting
Education Committee. He has served as a California representative to the
AICPA Council and is currently a member of the AICPA Financial Literacy
Commission. Mr McWilliams is author of two chapters of the CCH Expert
Treatise Library : Federal Taxation of Corporations &
Shareholders.