Buying and Selling Corporate Businesses: Using Installment Obligations 2024

Objectives:

• Understand the general approach of installment reporting of gain (IRC 453) • Discuss the tax consideration related to the installment sale of the stock of both S corporations and C corporations • Review and evaluate the law related to the installment sale of assets of either an S corporation or a C corporation, including the decision on when to liquidate the corporation • Analyze the tax law applicable when the installment note includes a contingent amount

Major Topics:

• Discussion of the law relevant to deferring gain using the installment method (IRC 453 and 453B(h)) • Description and analysis of the installment sale of the stock of both an S corporation and a C corporation • The use of an installment obligation related to the sale of the assets of both an S corporation and a C corporation, including consideration of when to liquidate the corporation • Evaluation of the tax consequences of a note with a contingent amount • Tax planning opportunities and strategies

Major Topics:

• Discussion of the law relevant to deferring gain using the installment method (IRC 453 and 453B(h)) • Description and analysis of the installment sale of the stock of both an S corporation and a C corporation • The use of an installment obligation related to the sale of the assets of both an S corporation and a C corporation, including consideration of when to liquidate the corporation • Evaluation of the tax consequences of a note with a contingent amount • Tax planning opportunities and strategies

Designed For:

CPAs and attorneys.

Prerequisites:

An understanding of the basics of taxation of installment sales, individuals, corporations and S corporations.