Virtual
Buying and Selling Corporate Businesses: Using Installment Obligations 2024
Date: Dec. 6, 2024
Time: 1 – 2 p.m. PT
CPE: 1
Overview
When a corporate business is sold, it is common for part of the consideration received to include an installment obligation of the buyer. Weigh the tax consequences of using installment obligations as part of a corporation's stock or asset sales.
Discuss both S corporations and C corporations. Evaluate the use of a contingent purchase price. Analyze and identify tax planning opportunities.
Product Code
1000002894-126167
Credit Type
CPE: 1CPE-Technical: 1Accessibility
Closed Captioning Available
Intended Audience
CPAs and attorneys.
NASBA Field of Study
Taxes
Level of Difficulty
Overview
Prerequisites
An understanding of the basics of taxation of installment sales, individuals, corporations and S corporations.
Advance Preparation
None
Learning Objectives
Major Subjects
- Discussion of the law relevant to deferring gain using the installment method (IRC 453 and 453B(h))
- 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
Other Dates
Faculty
John G McWilliams
John McWilliams, CPA, JD. has been a professor of accounting at Golden Gate University and San Francisco State University. He began his career as a tax adviser with a Big Four CPA firm. For more than 40 years, while teaching, he has been a tax adviser to lawyers and CPAs regarding the tax matters of their clients. His areas of expertise include tax issues related to buying and selling privately held businesses, financially troubled businesses,...
More about John G McWilliamsAdditional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.