Course Information

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Intrafamily Transfers of Small Businesses
Author: CCH Editorial Staff

Description:

Millions of small business owners are approaching retirement age as the first members of the baby boomer generation reach age 60. Many small business owners want their children to take over the business after they retire.

This course explores some of questions that practitioners can expect when a small business client announces that he or she is planning to transfer the business, most often to an adult child.

Topics covered include:

  • Making a succession plan
  • Tools to transfer a small business, including private annuities, self-canceling installment notes, buy-sell agreements, grantor retained annuity trusts (GRATs), and family limited partnerships.
  • Valuing a small business
  • Allocation of purchase price
  • Final federal payroll tax responsibilities

Course Details:
Price:  $32.00
Field of Study:  Taxes
Prerequisites:  None
Level:  Overview
Advanced Preparation:  None
CTEC course number:  1075-CE-5066
Course was last updated on:  01/14/08
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Library:
Learning Center Core
Wealth Management

Technical Requirements:
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Credit Available For: Units
CPE 2.0 CPE
QAS 2.0 CPE
CFP® (Accepted by the CFP Board) 2.0 CPE
Enrolled Agent (Accepted by the IRS) 2.0 CPE
CTEC Federal 2.0 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

User Reviews
Reviewer: Robert E L. submitted on 02/25/2010
Overview of topics
Reviewer: Susan P. submitted on 01/04/2010
Clear and Concise
Reviewer: Diane S. submitted on 12/30/2009
Organized and easy to follow
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