Webcast: Buying and Selling Corporate Businesses - Using Installment Obligations (XCCBUI117)
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When a corporate business is sold it is very common for part of the consideration received to include an installment obligation of the buyer. Consider the tax consequences of using installment obligations as part of the sale of stock or assets of a corporation. Discuss both S corporations and C corporations. Evaluate the use of a contingent purchase price. Plus, analyze and identify tax planning opportunities.

 Export to Your Calendar 8/14/2017
When: 08/14/2017
10:30 AM until 11:30 AM
Where: Webcast
CALCPA
4173326A
United States
Presenter: John G. McWilliams, CPA, JD


Online registration is available until: 8/12/2017
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Acronym XCCBUI117
CPE 1 hour
Vendor CalCPA
Category
Taxation
Level Overview
Prerequisite An understanding of the taxation of corporations and S corporations.
Adv Prep None
Yellow Book? No
Designed for CPAs and attorneys who have at least two years of experience advising owners of privately owned businesses.
Registration
Member $30
CPA Non-Member $50

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

When a corporate business is sold it is very common for part of the consideration received to include an installment obligation of the buyer. Consider the tax consequences of using installment obligations as part of the sale of stock or assets of a corporation. Discuss both S corporations and C corporations. Evaluate the use of a contingent purchase price. Plus, analyze and identify tax planning opportunities.

Materials are provided as an ebook for this course.

Objectives

  • Understand the general approach of installment reporting of gain (IRC 453).
  • Discuss the tax consideration related to the installment sale of the stock of both S corporations and C corporations.
  • Review and evaluate the law related to the installment sale of assets of either an S corporation or a C corporation, including the decision on when to liquidate the corporation.
  • Analyze the tax law applicable when the installment note includes a contingent amount.
  • Identify and evaluate tax planning strategies and ideas.

Major Topics

  • Discussion of the law relevant to deferring gain using the installment method (IRC 453)
  • Description and analysis of the installment sale of the stock of both an S corporation and a C corporation
  • The use of an installment obligation related to the sale of the assets of both an S corporation and a C corporation including consideration of when to liquidate the corporation
  • Evaluation of the tax consequences of a note with a contingent amount
  • Tax planning opportunities and strategies