Surgent's A Complete Tax Guide to Exit Planning

Overview

When exit planning, it is important to weigh various issues, including tax implications, to achieve an effective management and/or ownership change. Many envision tax-free reorganizations being the most preferable structure to avoid capital gains tax, but the opportunities come at a cost to the seller. This course will provide a well-rounded discussion of the various strategies to consider when advising on exiting a business.

Highlights

Gain exclusion and tax-free reorganization planning
Gain exclusion with sales of C corporation stock – Section 1202
Deferral of gain with installment reporting
Gain planning with partnerships
Basis planning – basis step-up at death, gifts of interests to family
Restructuring the business entity – C vs. S corporation, partnerships, LLCs
Real estate planning – retention vs sales, like-kind exchanges
Employee stock ownership plans – special tax incentives
Employee benefit planning with ownership change
Taxes other than the federal income tax – state tax, estate, gift and generation-skipping taxes, and property taxes
Prospects for tax law change

Prerequisites

Basic knowledge of tax issues and entity structures

Designed For

CPAs in industry and public accounting who want to gain an understanding of exit planning considerations for their clients

Objectives

Understand key issues regarding exit planning
Discuss tax implications of exit planning strategies
Compare exit planning between entity types (C corporations, S corporations, partnerships, etc.)