August 2024 TAXPRO Exam

1 CPE for AFSP, EA, CPA, CRTP

Premium: $0 | Professional: $0 | Basic: Not available | Nonmember: Not available
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Summary

Many entrepreneurs will face the decision of whether or not to sell their S corporation. The decision is often mired with emotion and complexity. As practitioners, we are removed from the emotional side of the decision and can play a key role in helping our client(s) understand the tax implications of selling their S corporation. We can provide guidance on navigating the IRS regulations, ensuring compliance and exploring opportunities for tax deferral or reduction of tax.

Objectives

Upon completion of this course, you will be able to:

Recognize the advantages and disadvantages of an asset or stock sale for the seller
Describe the tax treatment of an asset or stock sale for the seller

Exam Details

Materials will include the S-Corp Sale - Preparing for Success article, printable exam questions for study purposes and the online exam. CPE will be issued after the exam is successfully completed.

Course Year: 2024
Course Level: Overview
Prerequisite: None
Advanced Preparation: None
Deliver Method: QAS Self Study

	CPE Credits	Designation	Field of Study
IRS	1	AFSP	Federal Tax Law Topic
IRS	1	EA	Federal Tax Law Topic
NASBA	1	CPA	Taxes
CTEC	1	CRTP	Federal Tax Law Topic
CFP Board	0	CFP®	N/A

How to Earn CPE

To receive credit for this article and exam, you must successfully pass the course exam with a score of 70% or better. We also recommend completion of the review questions and feedback provided with the article.

The course and exam will expire one year from the date of purchase.

Registration/Cancellation Policy

You must be a current Professional or Premium level member to register for this exam. To access this member benefit, register before August 2025. You have one year from registration to complete the course to earn CPE. Because this is an online education offering, it is nonrefundable.