The Tax Aspects of Acquiring a Business, Second Edition - Paperback

by W. Eugene Seago (Author)

The Tax Aspects of Acquiring a Business is a guide written to the tax considerations that must be weighed when acquiring an existing business, whether the business is conducted as a proprietorship, partnership, Limited Liability Company, S corporation, or a C corporation.

The book looks at the transactions from the point of view of the seller as well as the buyer. This symmetrical view is presented because the tax effects on the seller will influence the acceptable terms for the deal. The author describes the tax consideration in quantifiable terms by demonstrating the actual calculations that must be made to evaluate the after-tax consequences of the terms of an acquisition agreement.

Author Biography

W. Eugene Seago, PhD, JD, is the Virginia Tech Curling Professor Emeritus in accounting. He is a member of the Virginia Bar and the American Institute of Certified Public Accountants. He is also the former chair of the ABA Tax Section Tax Accounting Subcommittee on Inventories. Prof. Seago has published over 200 articles and books on taxation, including The Tax Aspects of Acquiring a Business (Business Expert Press, 2018). He is the author of Uniform Capitalization Rules (UNICAP), published by Thomson Reuters, and is an expert contributor to Reorganizations: Transfers of Assets to Controlled Corporations (Type D) on Checkpoint Catalyst. He has served as an expert witness in the Tax Court, the Federal Claims Court, and the United States District Court.