Tax Issues Related to Buying and Selling a Business (BSAB)

Michael J. Tucker, JD, CPA , Robert Lickwar, CPA, Edward Renn, Esq., Lance Weiss, CPA, CVA
  • 3
  • Basic
  • Taxes

Individual course: $99
Best Value: All-Star Tax Season Pass
Volume Discounts: 
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Tax practitioners know buying or selling a business is a complex transaction with many tax variables. These variables include whether the transaction is an asset sale, a stock sale or an acquisitive reorganization, the types of entities involved as buyer and seller, and whether there are hidden liabilities or assets the buyer doesn’t want. This program is an examination of the tax consequences to the buyer and seller of a business, presented by panelists with decades of experience in business sales.

Major Topics:

  • Differences between an asset sale and a stock sale
  • Tax consequences associated with the sale of a partnership/MMLLC interest
  • Section 754, Section 338 and Section 338(h)(10) elections
  • Acquisition of a Schedule C business and the allocation of consideration paid for a business under the residual method
  • Does one entity have more favorable tax consequences when sold?
  • Acquisitive and divisive reorganizations that facilitate the sale of a business
  • Ordinary or capital gain or loss for business property
  • Tax consequences of the sale of tangible and intangible property, including goodwill
  • Consulting agreements and employment agreements between buyers and sellers

Learning Objectives

Advise clients regarding the tax aspects of buying and selling a business

Tax practitioners who anticipate advising clients regarding the purchase or sale of a business





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