LEADER 03623nam 2200625 450 001 9910480083103321 005 20180322115728.0 010 $a1-63157-125-7 035 $a(CKB)3710000000491599 035 $a(OCoLC)930531036 035 $a(CaBNVSL)swl00405837 035 $a(MiAaPQ)EBC4009422 035 $a(EXLCZ)993710000000491599 100 $a20151125d2016 fy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 14$aThe tax aspects of acquiring a business /$fW. Eugene Seago 205 $aFirst edition. 210 1$aNew York, New York (222 East 46th Street, New York, NY 10017) :$cBusiness Expert Press,$d2016. 215 $a1 online resource (91 pages) 225 1 $aTaxation and business strategy collection,$x2333-6773 311 $a1-63157-124-9 320 $aIncludes bibliographical references and index. 327 $a1. The purchase and sale of an unincorporated business -- 2. The purchase and sale of an incorporated business -- 3. The purchase and sale of an S corporation -- 4. The purchase of a corporation's subsidiary -- 5. Tax-deferred acquisitions of C corporations -- 6. Business investigation costs -- Index. 330 3 $aTax considerations are seldom the determining factor in deciding whether to purchase a business. However, taxes often affect the price and form (e.g., purchase of stock or purchase of assets) the acquisition takes. This is true because the rationally determined price will be based on the expected present value of after-tax future cash flows. The tax component of the equation will depend on the form the acquisition takes. From the seller's perspective, tax considerations are extremely important. The tax implications of the purchase and sale of a business depend largely upon who is the buyer and who is the seller and what is being bought and sold. The business being purchased may be an unincorporated proprietorship, a single owner limited liability company (LLC), a partnership (or an LLC with more than one member), a C corporation, or an S corporation. The form of the sale (asset or stock) affects the character of the seller's gain (ordinary or capital) and the buyer's basis of the assets. Basis becomes the buyer's future tax deductions. Just as the price the buyer is willing to pay is based on projected present value of the after-tax proceeds, the price that is acceptable to the seller will depend upon his or her expected after-tax proceeds. Both parties must be aware of the other party's tax consequences to achieve a rational agreement. 410 0$aTaxation and business strategy collection.$x2333-6773 606 $aBusiness enterprises$xPurchasing$xTaxation$zUnited States 608 $aElectronic books. 610 $aapplicable federal rate (AFR) 610 $acontingent liabilities 610 $acontract price 610 $acost recovery period 610 $acovenant to not compute 610 $adepreciation recapture 610 $agoodwill 610 $agross profit ratio 610 $ainstallment sale 610 $alimited liability company (LLC) 610 $asection 197 intangible assets 610 $atax basis 610 $atax lives 610 $aqualified indebtedness 615 0$aBusiness enterprises$xPurchasing$xTaxation 676 $a658.16 700 $aSeago$b W. Eugene.$0894368 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910480083103321 996 $aThe tax aspects of acquiring a business$91997901 997 $aUNINA