S Corporation Stock and Asset Purchases and Sales: Tax Consequences (Completed)
Date: Friday, November 10, 2017
Instructor: James R. Hamill
| Begin Time: |
12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs |
|
Understand and Manage the Tax Consequences of S Corp Stock and Asset Sales and Purchases
Designed as a practical review for practitioners and staff with S corporation clients and presented by nationally recognized tax practitioner, instructor and commentator, James Hamill, CPA, Ph.D., this two-hour CPE webinar addresses, in depth, the effects of a sale or purchase of S corp stock or assets. Dr. Hamill will walk participants through the questions that must be asked when presented with the sale or purchase of an S corporation and the potential tax consequences of the answers to those questions. Particular attention will be paid to Section 338(h)(10) and Section 336(e) elections.
All professionals involved with S corporation tax compliance and planning matters will benefit from this insightful seminar. The course presentation time will include opportunities for you to ask questions directly to Dr. Hamill via email.
As our “thank you for attending” gift, firms registered for this seminar will receive a complimentary issue ofWolters Kluwer’s Journal of Passthrough Entities in electronic format.
Who Should Attend
CPAs, EAs, tax preparers and other tax professionals with responsibility for review of S corporation tax returns and planning for S corporation entities
Topics Covered
- Character of Income
- Purchase Price Allocations
- Personal Goodwill
- Built-in Gain Tax
- Liquidation Basics
- Installment Sale Issues
- Shareholder Installment Reporting
- Section 1411 Net Investment Income Tax
- Taxable Sale of Stock
- Sec. 1411 Net Investment Income Tax
- Taxable Stock Purchase — S Corp Buyer
- Taxable Stock Purchase — C Corp Buyer
- §338(h)(10) Elections
- Non-selling Shareholder
- Section 336(e) Elections
Learning Objectives
- Determine the tax consequences to the corporation and its shareholders of a sale of assets or of stock
- Determine the effects of Section 338(h)(10) and Section 336(e) elections on all parties to a stock purchase
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of federal taxation of passthrough entities.
Advance Preparation
None
