{"id":12098,"date":"2023-07-05T22:39:29","date_gmt":"2023-07-05T22:39:29","guid":{"rendered":"https:\/\/taxops.com\/?p=12098"},"modified":"2023-07-05T22:40:30","modified_gmt":"2023-07-05T22:40:30","slug":"sales-and-use-tax-implications-of-business-acquisitions-cpe-2","status":"publish","type":"post","link":"https:\/\/taxops.com\/sales-and-use-tax-implications-of-business-acquisitions-cpe-2\/","title":{"rendered":"Sales and Use Tax Implications of Business Acquisitions CPE"},"content":{"rendered":"\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/taxops.com\/wp-content\/uploads\/2023\/07\/Business-Acquisitions-Strafford-1024x576.png\" alt=\"\" class=\"wp-image-12110 lazyload\" data-srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2023\/07\/Business-Acquisitions-Strafford-980x551.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2023\/07\/Business-Acquisitions-Strafford-480x270.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/taxops.com\/wp-content\/uploads\/2023\/07\/Business-Acquisitions-Strafford-1024x576.png\" alt=\"\" class=\"wp-image-12110 lazyload\" srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2023\/07\/Business-Acquisitions-Strafford-980x551.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2023\/07\/Business-Acquisitions-Strafford-480x270.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/noscript><\/figure>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Stacey Roberts at TaxOps and Joseph Geiger at Vertex guide tax professionals with an in-depth analysis of the sales and use tax issues in acquiring certain businesses. The panel will discuss the unexpected sales and use tax consequences, nexus implications, issues stemming from the drop-down of assets followed by a stock sale, successor liability, and other key issues<\/em>.<\/p>\n\n\n\n<div style=\"height:66px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Sales and Use Tax Implications of Business Acquisitions: <\/h2>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Stock vs. Asset Sales, Successor Liability, Exemptions<\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong> July 17, 2023 | 11:00 am &#8211; 12:50 pm MT<\/strong><\/h3>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.straffordpub.com\/products\/sales-and-use-tax-implications-of-business-acquisitions-stock-vs-asset-sales-successor-liability-exemptions-2023-07-17\" target=\"_blank\" rel=\"noreferrer noopener\">Details &amp; Registration<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:66px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong>Live 110-minutes CPE webinar with interactive Q&amp;A<\/strong><\/h3>\n\n\n\n<div style=\"height:66px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Business acquisitions present particular&nbsp;<strong>sales tax challenges that are often overlooked when structuring transactions<\/strong>&nbsp;that tax professionals must anticipate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tax professionals should be&nbsp;<strong>well-versed in conducting a proper course of due diligence<\/strong>&nbsp;as part of the acquisition process. When transactions are being structured, tax professionals must determine whether the acquisition is subject to sales tax, whether the acquired entity qualifies for an exemption from sales tax, and identify and quantify any reserves the target company made for sales and use or other transaction-based tax liability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Listen as our panel of experienced state tax advisers gives you a framework to identify and respond to critical state and local sales and use tax issues in acquisitions, nexus implications, issues stemming from the drop-down of assets, successor liability, and other key issues.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Outline<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Sales and use tax from transactions<\/li>\n\n\n\n<li>Nexus implications<\/li>\n\n\n\n<li>Asset vs. stock sales and transfer taxes<\/li>\n\n\n\n<li>Successor liability<\/li>\n\n\n\n<li>Tax due diligence<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Benefits<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The panel will cover these and other key issues:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Due diligence best practices for sales and use taxes for transactions<\/li>\n\n\n\n<li>Sales tax issues for stock vs. asset sales and acquisitions<\/li>\n\n\n\n<li>Understanding the various types of transaction taxes, such as stock transfer and documentary transfer\/issuance taxes<\/li>\n\n\n\n<li>Particular sales tax challenges and maintaining exemptions<\/li>\n\n\n\n<li>Issues stemming from the drop-down of assets followed by a stock sale<\/li>\n\n\n\n<li>Methods to minimize successor liability stemming from business acquisitions<\/li>\n\n\n\n<li>Identifying, describing, and evaluating for sufficiency any reserves the target company has made for sales and use and other transaction tax liabilities<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Presented By<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/taxops.com\/stacey-roberts-3\/\" target=\"_blank\" rel=\"noopener\" title=\"Stacey Roberts\">Stacey Roberts, CPA<\/a><\/strong><br>Director State and Local Tax, TaxOps<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/taxops.com\/stacey-roberts-3\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stacey Roberts<\/a><\/strong> works closely with business clients managing all compliance issues related to state income\/franchise and sales and use tax for flow through entities and C corporations across various industries; identifying planning opportunities and state and local credits and incentives; and mitigating state and local tax controversy issues with auditors and taxing jurisdictions. Her 25 years of experience in state and local tax also includes three of the Big Four accounting firms and a Fortune 500 company. She is a member of the Colorado Legislative Tax Policy Task Force through 2026 and a frequent speaker and author on SALT issues including the\u00a0<em>Journal of State Taxation,<\/em>\u00a0Strafford Publishing, and more.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.linkedin.com\/in\/joe-geiger-8618bb17\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Joseph F. Geiger, Jr., Esq., CPA<\/strong><\/a><br>Consulting Tax Manager<br>Vertex<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Geiger works with the company&#8217;s Tax Process Consulting Group and has more than 25 years of experience with income, sales and use and other taxes, with particular expertise in tax appeals, audit controversies and reverse audits. He also has&nbsp;experience with taxation of P-card purchases. In addition he&nbsp;has worked in tax compliance for corporations and for public accounting firms.<\/p>\n\n\n\n<div style=\"height:59px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/taxops.com\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Let&#8217;s Talk Tax<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:59px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><\/div>\n\n\n\n<div class=\"wp-block-cover alignfull is-light wp-duotone-000000-00a5ff-2\" style=\"margin-top:0;padding-top:48px;padding-right:48px;padding-bottom:48px;padding-left:48px;min-height:66vh;aspect-ratio:unset;\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-30 has-background-dim\"><\/span><img decoding=\"async\" class=\"wp-block-cover__image-background wp-image-335 lazyload\" alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/pd.w.org\/2021\/12\/12261b91fba359867.64939140.jpg\" data-object-fit=\"cover\"\/><noscript><img decoding=\"async\" class=\"wp-block-cover__image-background wp-image-335 lazyload\" alt=\"\" src=\"https:\/\/pd.w.org\/2021\/12\/12261b91fba359867.64939140.jpg\" data-object-fit=\"cover\"\/><\/noscript><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<div class=\"wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-2f471073 wp-block-group-is-layout-constrained\">\n<h6 class=\"wp-block-heading has-text-align-left has-white-color has-text-color\" style=\"font-size:100px;font-style:normal;font-weight:700;letter-spacing:0px;line-height:1;text-transform:uppercase\">working with us                <\/h6>\n<\/div>\n\n\n\n<div style=\"height:72px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-left is-nowrap is-layout-flex wp-container-core-buttons-is-layout-f4069c65 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-font-size is-style-outline is-style-outline--1\" style=\"font-size:16px;font-style:normal;font-weight:600;letter-spacing:0px;text-transform:uppercase\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/taxops.com\/wp-content\/uploads\/2023\/07\/Working-with-SALTovation.pdf\" style=\"padding-top:24px;padding-right:48px;padding-bottom:24px;padding-left:48px\" target=\"_blank\" rel=\"noreferrer noopener\">Explore<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:59px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"block-2666d1fd-3ba5-44f9-9633-31908556df8a\">More Tax News<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/taxops.com\/us-state-and-local-tax-for-foreign-companies\/\">U.S. State and Local Tax for Foreign Companies<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/taxops.com\/texas-supreme-court-opinion-clarifies-service-receipt-apportionment\/\">Texas High Court Clarifies Service Receipt Apportionment<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/taxops.com\/california-issues-guidance-on-sourcing-service-receipts\/\">California Issues Guidance on Sourcing Service Receipts<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/taxops.com\/ethics-in-business-awards-sponsor\/\">Ethics in Business Awards Sponsor<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/taxops.com\/how-tos-for-partnerships-and-s-corporations-in-colorado-2\/\">State Legislatures Move on Tax Reform and Relief<\/a><\/li>\n<\/ul>\n\n\n\n<div style=\"height:53px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/taxops.com\/contact\/#subscribe\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe to Tax News<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:53px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stacey Roberts at TaxOps and Joseph Geiger at Vertex guide tax professionals with an in-depth analysis of the sales and use tax issues in acquiring certain businesses. The panel will discuss the unexpected sales and use tax consequences, nexus implications, issues stemming from the drop-down of assets followed by a stock sale, successor liability, and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","spt_transcript":"","footnotes":""},"categories":[225,229,226],"tags":[252,167,284,12,126,58,61,459,265,1029,365,1030,48,62,783,1028,1027,1031],"class_list":["post-12098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-state-and-local","category-tax-news","tag-accountant","tag-california","tag-cfo","tag-colorado","tag-cpa","tag-credits","tag-development","tag-expenses","tag-finance-professional","tag-nonconforming-states","tag-pennsylvania","tag-proposed-legislation","tag-rd","tag-research","tag-section-174","tag-state-income-taxes","tag-tax-incentives","tag-tennessee"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/taxops.com\/wp-content\/uploads\/2023\/07\/Business-Acquisitions-Strafford.png","_links":{"self":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/12098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/comments?post=12098"}],"version-history":[{"count":10,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/12098\/revisions"}],"predecessor-version":[{"id":12119,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/12098\/revisions\/12119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media\/12110"}],"wp:attachment":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media?parent=12098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/categories?post=12098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/tags?post=12098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}