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Tuesday, December 3, 2024 Live Webcast

Advising a Client Regarding the Tax Consequences Associated with Buying or Selling a Business (E2412492)

9:00 AM - 11:40 AM EST

Registration: 8:30 AM EST

webcast

Vendor Platform

3 CPE Credits in TX

OVERVIEW

Buying and selling a business can be a complex transaction with many tax issues. These issues include whether the transaction is or should be a stock or an asset sale when the business involved is a corporation, as well as the tax consequences associated with the sale of a partnership or a C or S corporation. Tax practitioners who advise clients who are buying or selling a business primarily focus on the tax issues that apply. This program explains and analyzes the tax issues practitioners must address in order to properly advise clients who are either buyers or sellers of businesses.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

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

BENEFITS

  • Advise clients regarding the tax aspects associated with buying and selling a business

HIGHLIGHTS

  • Asset sales and stock sales and their attendant results to buyers and sellers
  • Section 1060 and using the residual method
  • Consequences of making a Section 754 election with adjustments under Sections 743(b) and 734(b)
  • Section 338 and Section 338(h)(10) elections
  • Allocating some of the purchase price of a business to personal goodwill
  • Partnership distributions to retiring partners under Section 736(a) and 736(b)
  • Consulting agreements and employment agreements as between buyers and sellers
  • Advantages of a C corporation having Section 1202 stock

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for IRS credit

INSTRUCTOR

John Kilroy

John Kilroy, CPA, CFP

John Kilroy is a managing member of iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area. John engages clients in financial and tax planning, as well as preparing tax returns for individuals, corporations, partnerships, estates, and trusts. John is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University with a BS in Accounting. John is a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association (FPA). Within the FPA, John has served as a board member of the Philadelphia Tri-State chapter and on its education and finance committees. John is an adjunct faculty member for the Temple University Certificate of Financial Planning Program. He is a frequent speaker and facilitator on tax and financial planning topics. John has been quoted in the Wall Street Journal, MarketWatch.com, and USATODAY.com. He has written for the Journal of Financial Planning, and is a contributor to Retirement Weekly. John has also discussed financial and tax planning issues on various radio outlets.

PRICING

$152.00 - Member

$208.00 - Nonmember

Register Today


Note: Online pre-registration will close on December 3 at 8:30 AM.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

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