In qualifying situations, a taxpayer who purchases a target's stock for legal purposes may elect under Section 338(h)(10) -- with the cooperation of the seller -- to be treated as having acquired the target's assets for tax purposes. This election can be invaluable to the buyer while also providing benefit to the seller. This course provides a thorough deconstruction of the Section 338(h)(10) election, including election mechanics, when the election can be made and the resulting tax consequences, how to true-up the target for any increase in tax, and how to handle installment sales. Upon completing this course, you should be able to: learn to identify opportunities to make a Section 338(h)(10) election; and be able to quantify the tax consequences of a Section 338(h)(10) election.