Don Farmer's Stock vs. Asset Sales: Tax Impact for Buyers & Sellers
2.00 Credits
Member Price $89
Non-Member Price $109
Overview
This course compares the tax consequences of stock and asset transactions from both buyer and seller perspectives. Participants will analyze basis step-ups, depreciation implications, allocation rules, and elections under §§338 and 336(e). Case studies illustrate negotiation considerations and after-tax outcomes.
Highlights
- Overview of Stock and Asset Transaction Structures
- Buyer and Seller Tax Consequences
- Purchase Price Allocation and Basis Adjustments
- Elections Under IRC §§338 and 336(e)
- Negotiation and Planning Considerations
- Post-Transaction Compliance and Reporting
Prerequisites
None
Designed For
CPAs and tax professionals involved in the world of tax.
Objectives
- Compare tax consequences of stock versus asset sales
- Analyzing purchase price allocation and basis step-up effects
- Evaluate §§338 and 336(e) elections
- Identify buyer and seller planning objectives
- Assess post-transaction compliance requirements
Preparation
None
Leader(s):
Leader Bios
Nicholas Preusch
Nicholas Preusch, CPA, JD, LLM, is a tax manager with PBMares, LLP, in Fredericksburg, VA, where he works with high wealth individuals and mid- to large-size companies focusing on tax controversy and complex tax issues. In addition, Nicholas is an adjunct professor at the University of Mary Washington. Nicholas has been published in the AICPA’s Journal of Accountancy and Tax Adviser, and in CCH’s Journal of Tax Practice and Procedure. He co-authored the textbook Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas was named one of the VSCPA’s Top 5 Under 35 in 2017. Prior to joining private practice, Nicholas started his career as an IRS Revenue Agent. He later joined the IRS Office of Professional Responsibility as an enforcement attorney. While at OPR, he was the lead attorney on several milestone cases such as Gass and Pezzo. Nicholas is a graduate of Carthage College, degree in Accounting and Business; he has also earned a Master of Science in Accounting from the University of Connecticut, his JD from Case Western Reserve University, and his LLM in Taxation from Georgetown University.
Non-Member Price $109
Member Price $89