July 27, 2020 Introduction One tax issue when selling the stock of your S corporation business midyear is dividing up the year’s income and expenses. That is because an S corporation passes its income, and expenses through to the owners…
July 27, 2020 Introduction One tax issue when selling the stock of your S corporation business midyear is dividing up the year’s income and expenses. That is because an S corporation passes its income, and expenses through to the owners…
July 21, 2020 Introduction Selling a business usually generates significant tax consequences. However, a transaction can sometimes be structured to defer the payment of taxes. The deal The business owner held the KFC and Pizza Hut franchises in Russia through…
July 15, 2020 Introduction It can be challenging for a national footprint business to navigate the 11,000 sales tax jurisdictions in the United States. Thus, buying a large business presents state and local sales tax risk. The deal This deal…
July 10, 2020 Introduction There are lots of words in acquisition documents. A stock purchase agreement in a relatively simple transaction may contain 20,000 words. And there are many different references throughout the agreement to buyer and seller; and sometimes…
July 10, 2020 Introduction One tax expense to project when buying the assets of a business is unemployment compensation tax. Especially if the buyer is going to hire the seller’s employees. A potential risk for the buyer is inheriting a…
July 8, 2020 Introduction One tax risk of a multistate corporate business selling the stock of a subsidiary is exposing the gain to many states with different rules and tax rates. The deal The seller here provides credit and debit…
July 8, 2020 Introduction Selling a business with a liquor license takes time. The buyer cannot acquire the license or permit without state approval. The buyer and seller sometime agree to a transitional arrangement where the buyer takes over the…
July 6, 2020 Introduction The formalities of a sale of a business can have significant tax consequences to the owners. It is important that the preferred structure of the sale is implemented. And that means that the seller and the…
Wednesday, July 1, 2020 Introduction A buyer of the assets of a business does not want responsibility for the income taxes that apply to seller’s gain from the transaction. So how can the buyer manage the risk of the taxing…
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