Tax Considerations For Buying And Selling A Business Webcast | 4192549B

Date :
July 12, 2019 8:30 AM - 4:00 PM
Location :
Facility :
Webcast Event
Level of Difficulty :
Member Price :
Nonmember Price :
CPE Credits :
CPE 8.00, MCLE 6.50, IRS-TX 8.00, CTEC-TX 8.00
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Review options for structuring a sale from both buyer's and seller's perspectives with the aim of minimizing tax cost. Also, identify and analyze changes made by 2017 Tax Cuts and Jobs Act.

Attendees will consider the sale of C corps, S corps and partnerships. This course covers topics not routinely considered in a tax compliance practice, but important to the sale of a business.

Materials are provided as an ebook.


  • Recognize tax planning opportunities for selling a business.
  • Identify the tax consequences of using employment and consulting agreements, covenants not to compete, personal goodwill and contingent sales price.
  • Recall how to treat acquired intangibles (IRC 197).
  • Identify the basics of Section 754 and Section 338 elections.
  • Determine how to best transfer ownership to employees.

Major Subjects:

  • Taxable asset sales, sale of stock of corporation and stock redemptions
  • Comparison of tax consequences of C corps, S corps and partnerships
  • Tax treatment of transaction costs of acquired intangibles, IRC 197
  • Seller consulting and employment agreements
  • Installment sales
  • Employee stock ownership plan
  • Tax deferred acquisitive corporate reorganizations
  • Net operating losses and tax credits of acquired corporate business
  • Sec. 1202; Stock Section 1244; the basics of stock Section 754 elections; and Sec. 338 and 338(h)(10) elections

Advanced Prep:


Misc. Information:

This course will adjourn at 4 p.m.

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Level of Difficulty:
Field of Interest:

An understanding of the taxation of corporations, S corps and partnerships.

Designed For:

CPAs, financial professionals and attorneys.


John G McWilliams, CPA, Esq.

John McWilliams, CPA, Esq. is professor of accounting at Golden Gate University. Previously he was a professor of accounting at San Francisco State University. He began his career as a tax adviser with a Big Four CPA firm. For more than 30 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, business restructuring and reorganization, and ownership succession to employees or family members.

McWilliams has been active in CalCPA, having served as president of the San Francisco Chapter, chair of the Financial Literacy Initiative, member of the CalCPA Board of Directors serving as Vice Chair, and member of the Accounting Education Committee. He has served as a California representative to the AICPA Council, and as a member of two AICPA Tax Division Technical Resource Panels (Corporations, and Shareholders and Partnerships). McWilliams is the original author of two chapters of the CCH Expert Treatise Library: “Federal Taxation of Corporations,” and “Shareholders.”

No Agenda or Materials posted.