Overview

How an M&A transaction is structured can drive value for both the buyer and seller and have future tax consequences. This course discusses the difference between asset and stock deals, step-ups in assets and deferred tax consequences, goodwill treatment and Section 338(h)(10) tax elections. The second half of the course also deals with net operating losses and potential treatment during M&A.

  • Asset vs. stock deals
    • Legal entity vs. consolidated financials
    • Goodwill
    • Step-ups
    • Deferred tax
    • Buyer and seller preferences
  • Section 338(h)(10) elections
    • Modeling
    • Deferred tax
    • Ascribing value to 338(h)(10) elections from the buy-side and sell-side
  • Net operating losses
    • Carry forwards
    • Limitations

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