August 2018
Beginner
104 pages
2h 26m
English
book
The Tax Aspects of Acquiring a Business, Second Edition, 2nd Edition
by Professor W. Eugene Seago
Content preview from The Tax Aspects of Acquiring a Business, Second Edition, 2nd Edition
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The Purchase and Sale of an S Corporation
The purchase and sale of an S corporation can be accomplished by either a purchase of the assets and liquidation of the corporation or simply a purchase and sale of the stock. These are the same options as are available for the purchase and sale of a C corporation. However, unlike the sale of the C corporation assets or stock, the double-tax on corporate gains is generally not an issue when the target is an S corporation. The major issues for the owners of the S business are the timing and character of the income, and the major issue for the purchaser is the basis obtained in the assets.
The Asset Sale versus the Stock Sale
A sale of S corporation stock without a liquidation of the corporation ...
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