Using a Buy/Sell Agreement to Transfer Ownership
A buy/sell agreement is a contract that restricts business owners from freely transferring their ownership interests in the business; they are a tool in providing for a planned and orderly transfer...
Published on August 24, 2012
Appendix 8 Sample Buy-Sell Agreement
The Toolkit Companion Disc to the Accountant's Business Manual Supplement 48 contains an error. Business Plans Appendix 8, Samply Buy-Sell Agreement, was one of the appendix files that was mistakenly omitted from the 2011-2012 CD, which would have been included with your supplement
Published on February 02, 2012
Important Lessons Regarding Valuation Issues
Taxpayers with high income and high net worth should be diligent regarding the valuation process and ensure they have used thorough and well-documented appraisal methodologies.
Published on March 18, 2013
Top 10 Steps of Succession Planning for a Privately Held Business
Succession planning for the privately held business results in an orderly transfer of the ownership and management of the business to the next generation in a tax-efficient manner.
Published on November 30, 2012
Who Is a Manufacturer Under the Proposed Contract Manufacturing Regs.
In February 2008, the IRS issued proposed regulations intended to clarify the manufacturing exception in the context of foreign base company sales income (FBCSI) under Sec. 954(d)(1).
Published on May 14, 2010
Significant Recent Developments in Estate Planning
This article examines developments in estate and gift tax planning and compliance between June 2006 and May 2007.
Published on May 10, 2010
...life settlement proceeds has been unclear until recently. However, the IRS issued guidance during 2009 that clarifies when and to what extent policyholders must recognize capital gain when they sell a life insurance policy
Published on January 28, 2011
Current Developments in S Corporations (Part I)
This two-part article discusses recent legislation, cases, rulings, regulations, and other developments in the S corporation area. Part I covers operational issues, including new guidance on the treatment of medical insurance premiums for wholly owned S corporations, new built-in gain developments, and the impact of charitable giving by S corporations
Published on May 10, 2010
Applying AICPA Business Valuation Standards in Tax Practice
the AICPA issued Statement on Standards for Valuation Services (SSVS) No. 1, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset, effective for all engagements accepted on or after January 1, 2008. The new standards apply to any AICPA member, or a nonmember CPA practicing in a state
Published on May 02, 2010
Guiding Clients Through the Transfer-for-Value Maze
Editor: Michael David Schulman, CPA/PFS One of the most attractive aspects of life insurance as an estate and financial planning tool is the tax treatment of the death proceeds. Generally, the proceeds of a life insurance policy received by a beneficiar
Published on May 12, 2010