Self-Study: Surgent's A Complete Tax Guide to Exit Planning

Overview

This course is available until April 30, 2025.

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.)