Tax Planning-Buying and Selling C Corporations 2024

Overview

Review options for structuring the sale of a C corporation business from both buyer’s and seller’s perspectives to minimize tax costs. This course covers topics not routinely considered in a tax compliance practice but essential to the sale of a C corporation business.

Highlights

• Taxable asset sales, sale of stock of the corporation and stock redemptions
• Tax treatment of transaction costs of acquired intangibles, IRC 197
• Seller consulting and employment agreements
• Installment sales
• Sales of stock to Employee stock ownership plan
• Tax-deferred acquisitive corporate reorganizations
• Net operating losses and tax credits of acquired corporate business
• The basics of stock sales eligible for Sec. 1202 and Section 1244

Prerequisites

None

Designed For

CPAs, CFOs, and other finance professionals interested in the topic.

Objectives

• Recognize tax planning opportunities for selling a C corporation business
• Identify the tax consequences of using employment and consulting agreements, covenants not to compete, personal goodwill and contingent sales price
• Recognize special installment sale rules applicable C corporation asset sale and corporate liquidation.
• Identify the basics of acquisitive reorganization
• Recognize the rules related to the allocation of purchase among assets acquired

Preparation

None

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).