Tax Implications of Business Sales

Marketing and Empathy Psychology

By - Nick Preusch

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

The sale of a business is a complex transaction with significant tax consequences for both buyers and sellers. Whether it’s a complete sale, partial divestiture, or a structured buyout, understanding how tax law applies to these transactions is essential to optimize tax outcomes and avoid costly missteps. This one-hour webinar will provide CPAs, tax advisors, and financial professionals with a comprehensive overview of the federal tax implications that arise during business sales, including entity-level considerations, asset vs. stock sales, and key reporting requirements.

Led by an experienced tax professional, the session will examine practical scenarios and offer strategic guidance for managing the timing of income recognition, applying installment sale rules, navigating §1202 and §338(h)(10) elections, and addressing state-level issues. Attendees will gain insights into how to advise clients on structuring transactions, planning for tax liabilities, and preparing for IRS scrutiny in the event of large business sales.

Learning Objectives:

Identify the key tax differences between asset and stock sales
Understand how to apply installment sale rules in business dispositions
Evaluate the benefits and requirements of §1202 and §338(h)(10) elections
Explain the tax treatment of intangible assets, including goodwill
Advise clients on strategies to minimize tax liability during business sales

Key Topics Covered:

Asset sale vs. stock sale: tax differences and strategic considerations
Treatment of goodwill and other intangible assets
Installment sales and timing of income recognition
Section 1202 Qualified Small Business Stock (QSBS) exclusions
Section 338(h)(10) and Section 336(e) elections
Allocation of purchase price and IRS Form 8594
Depreciation recapture and ordinary income treatment
Impact of state taxes and nexus issues
Planning for capital gains vs. ordinary income
Common pitfalls and how to avoid audit red flags

Who Should Attend?

CPAs, EAs, and Tax Preparers
CFOs and CEOs in crypto-forward industries
Financial compliance professionals
Tax attorneys and legal advisors

Vulputate eros arcu magnis donec sem pretium scelerisque a etiam. Eros aliquam elit si mattis phasellus at orci letius ligula posuere. Sodales maecenas facilisis diam egestas dictumst si fames mus fermentum conubia curabitur. Ornare nisi consectetur semper justo faucibus eget erat velit rhoncus morbi.

Webinar Type

Clear

Speaker Detail

Nick Preusch’s primary focus is performing tax services for high wealth individuals and mid-to-large business entities. Nick’s responsibilities include tax research related to complex business transactions and tax return preparation and review. He also works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation. He was also an Internal Revenue Service (IRS) attorney at the IRS National Office in Washington, DC, where he was the lead attorney for several significant tax ethics cases. Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign. Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LLM in Taxation from Georgetown University, a JD from Case Western Reserve University, and an MS in Accounting from the University of Connecticut.