S Corporation Stock and Asset Purchases and Sales: Tax Consequences
Authored by James Hamill
About this Course
Topics covered include:
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.
Upon completion of this course, you should be able to:
Recognize the tax consequences to the corporation and its shareholders of a sale of assets or of stock;
Identify the effects of Section 338(h)(10) and Section 336(e) elections on all parties to a stock purchase;
Differentiate issues related to taxable asset sales by S Corporations involves the use of Form 8594;
Identify a corporate effect as it relates to liquidation basics;
Recognize correct statements with respect to installment sales;
Describe taxable sale of stock;
Differentiate and describe correct statements regarding the Section 338(g) election;
Identify characteristics of a Section 336(e) election;
Recognize when the personal goodwill argument is best established;
Identify a shareholder effect as it relates to liquidation basics;
Describe who the income is reported by if the distribution of an installment obligation in liquidation of an S corporation is taxable.
$ 80.00
Course is unavailable for purchase.
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
2.0
Prerequisites
Basic understanding of federal taxation of passthrough entities.
Last Updated
02/01/2018
12529
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