- NY Credits : 12.0
- TX Credits : 12.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 12.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 12.0
Help your small-business clients with the most important decisions of their lives: How to buy a new business or how to sell their present business. Course highlights include coping with IRC Section 197, why to get the seller to finance the purchase, and how to value and set a price for a closely-held business. See how to handle the requirements of Section 1060 in allocating the purchase price to the various assets and classes of assets. Learn about creative financing techniques such as leveraged stock acquisitions. Find out why sellers want to sell corporate stock, why buyers want to buy corporate assets, and how the Tax Code can satisfy both sides. This course is most appropriate for the professional with detailed knowledge in purchasing/selling a business who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Upon successful completion of this course, the user should be able to:
identify the characteristic of the unincorporated business,
identify the advantages to both the buyer and the seller when the purchase of an unincorporated business is financed by the seller,
recognize the importance of the valuation process of a closely held business,
recognize leveraged stock acquisitions,
identify the net operating loss and other tax attributes of an acquired corporation,
determine requirements to acquire corporate stock or assets, and
identify the rules surrounding the purchase and sale of a partnership interest and stock in a limited liability company.