Tax Implications of Selling a Business
2 CPE for AFSP, EA, CFP®, CPA, CRTP
Tax professionals play a vital role when clients contemplate selling a business within an entity, including advising on the best way to structure the sale. Generally, taxpayers either sell the business’s assets or their entity ownership interest. In this session, we’ll examine the tax consequences of each option and the applicable reporting requirements. This is a great opportunity for tax professionals to provide tax planning advice to their clients to achieve the most beneficial tax results.
Objectives
Upon completion of this session, you will be able to:
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Differentiate between the sale of assets versus the sale of an ownership interest
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Describe the tax treatment of asset sales within the entity
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Determine the tax impacts when the owner sells their interest in the entity
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Summarize the reporting requirements
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Illustrate the results for a hypothetical sale of assets versus the sale of an ownership interest
CPE information
Duration: 100 minutes
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Live
