Mobile Edition

Tax Considerations for Buying and Selling a Business (4172549C)

Date:Friday, January 12, 2018
Time:11:30AM - 7:00 PM
(Registration at 11:00AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Technical Business
Instructor: John G. McWilliams
Vendor:California CPA Education Foundation
Course Level:Intermediate
Early Bird Price:$245.00 FICPA Members, $365.00 Non-Members


Review the options for structuring a sale from both the buyer's and seller's perspectives with the purpose of minimizing tax cost. Also, consider the sale of C corps, S corps and partnerships to aid in planning the sale and determining the value of using a partnership or S corp to conduct the business. Cover topics not routinely considered in a tax compliance practice but are important to the sale of a business.

  • Recognize tax planning opportunities for selling a business.
  • Identify the tax consequences of using employment and consulting agreements, covenants not to compete, personal goodwill and contingent sales price.
  • Recall how to treat acquired intangibles (IRC 197).
  • Identify the basics of Section 754 and Section 338 elections.
  • Determine how to best transfer ownership to employees.

Major Topics:
  • Taxable asset sales, sale of stock of corporation and stock redemptions
  • Comparison of tax consequences of C corps, S corps and partnerships
  • Tax treatment of transaction costs of acquired intangibles, IRC 197
  • Seller consulting and employment agreements
  • Installment sales
  • Employee stock ownership plan
  • Tax deferred acquisitive corporate reorganizations
  • Net operating losses and tax credits of acquired corporate business
  • Sec. 1202; Stock Section 1244; the basics of stock Section 754 elections; and Sec. 338 and 338(h)(10) elections


Who Should Attend:

CPAs and attorneys who have at least two years of experience advising owners of privately owned businesses.

An understanding of the taxation of corporations, S corps and partnerships.

Advanced Preparation:


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.