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Advanced S Corps: Stock Sale Treated as an Asset Sale

 

 

Course Year: 2013
Course Level: Advanced
Prerequisite: Intermediate knowledge of S corporation taxation
Advance Preparation: None
Delivery Method: Self-Study

Note: This course is also included in the Advanced S Corporations course .

CPE Credits Designation Field of Study
IRS * 1 EA Federal Tax Law Topic
NASBA 0 CPA N/A
CTEC 1 CRTP Federal Tax Law Topic
CFP Board 0 CFP® N/A

 

* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.

 

Fees: $30 for Members and $40 for Nonmembers

Summary

When an S corporation’s owners decide to sell the business, it’s usually most beneficial to sell the stock to the buyer. However, oftentimes, the buyer would prefer to purchase the assets of the company. If the buyer is a corporation, the buyer and shareholders of the target S corporation can elect to treat a stock sale as an asset sale. Whether your client is the buyer or seller, know the tax effects of this election and determine if it’s something your client should consider.

Objectives
Upon completion of this course, the tax professional will be able to:

  • Elect to treat a stock sale as an asset sale under §338(h)(10).
  • Identify the tax effects on the buyer and seller when electing to treat a stock sale as an asset sale.
  • Explain the mechanics of reporting a stock sale treated as an asset sale.

For more information regarding refund, complaint and/or program cancellation policies, please contact our Member Services Department at 800.558.3402, ext. 3.

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PO Box 8002, Appleton, WI 54912-8002 Phone: 800.558.3402 Fax: 800.747.0001

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