IBBA Course #120 – Part 2 & Part 3.

IBBA Course #120 – Tax Issues Every Business Broker Needs to Know – Part 2.

Instructor
Instructor: Monty Walker. 8:30 AM-12:30 PM ($199 for CVBBA/IBBA members)

Course Description
This section covers Asset Transactions, Stock Transactions, and Allocation of Purchase Price. This section provides the participant with the basics to understand the impact that an Asset and Stock transaction decision will have on the success of a business transfer. Allocation of Purchase Price will go beyond a surface level understanding by looking at what strengthens an asset allocation in the eyes of the IRS, by looking at tax associated with certain hard to understand assets, and by gaining an understanding of the provisions associated with the seven asset classes.

IBBA Course #120 – Tax Issues Every Business Broker Needs to Know – Part 3.

Instructor
Monty Walker. 1:00-5:00 PM ($199 for CVBBA/IBBA members)

Course Description
This section covers Tax Basis, Entity Types, and Transaction Costs. This section enables a participant to understand how tax basis impacts tax liability and the different ways tax basis gets developed, such as cost, gift, bequeath and exchange. Can an inherited business provide a tax benefit to a Seller? This section will help answer this question. Options exist for the type of entity from which to operate a business. The fundaments of the four primary operating entities will be explored. What are the tax requirements for transaction costs such as broker success fees, legal costs, accounting costs, business valuation costs, etc.? The way a Seller and Buyer are impacted by these costs will be covered.