Explore the significance of tax due diligence in stock acquisitions to avoid unexpected tax liabilities and legal disputes. Learn from a real case scenario where a buyer faced post-closing tax debts and legal battles due to inadequate tax assessment. “Trust,…
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How Tax Due Diligence Benefits Buyers in Stock Acquisitions
Posted in due diligence, tax Tagged with: business equity, business liabilities, business purchase, buyer, Case Study, Legal battles, Legal Disputes, legal expenses, M&A, pre-closing taxes, seller, stock acquisitions, tax assessment, tax debts, tax due diligence, tax fraud, tax issues, tax liabilities, tax obligations, tax responsibilities, unpaid taxes
Uncovering 2-Class Stock Issue in S Corporation M&A Deal
Discover the critical importance of confirming the S corporation status in M&A deals to avoid unexpected tax liabilities. Learn from a recent case where a two-class stock issue threatened the corporation’s qualification and how it was resolved. M&A Tax Stories…
Managing Sales Tax Risks When Buyer Operates Retail Liquor Business Before Closing in M&A Deals
Learn about the legal complexities and risks associated with sales tax in M&A transactions involving retail liquor businesses. Understand the importance of proper tax reporting during transitional arrangements. July 8, 2020 Introduction: When selling a business that involves a liquor…
Posted in pre-closing management agreement, seller owner responsibility for underreported sales tax Tagged with: Government approvals, Legal dispute, liquor license, M&A deals, management agreement, Ohio sales tax, Painter v. Testa, retail liquor business, sales tax risks, tax compliance, tax liabilities
Ensuring Payment of Foreign Taxes in M&A Escrow: Lessons from a Legal Case
Explore a legal case that highlights the importance of addressing foreign tax liabilities in M&A deals. Learn from an $80 million acquisition where inadequate management of escrow arrangements led to a dispute over unpaid Mexican income taxes. Wednesday, July 1,…
Posted in escrow, foreign income tax Tagged with: Acquisition, Buyer's Interests, Case Study, comprehensive escrow agreement, escrow arrangement, escrow funds, foreign taxes, Legal Case, Legal dispute, Lessons learned, M&A, Mexican income tax, Mexican subsidiaries, New York State Court, post-closing period, Publications Intl. v. Phoenix Intl. Publs., statute of limitations, tax liabilities
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