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| Full Built-in Gain Tax Liability—How Future Value Analysis Fails and What to Do About It (262Q) |
Course CPE: 1 hour
Field(s) of Study: Economics–1 hr
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.
Advanced Preparation: None
Delivery Method: QAS Self-Study
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Item
Number: 19BV0606FBGT
Shipping Weight: 0lbs. 0oz. |
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$99.00 |
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Recording Date: June 6, 2019
Presenter: James Lisi
Program Description:
Built-In Gain Liability (BIGL) may occur in any valuation and can be triggered when a business holds appreciating assets like real property, securities, intangible assets, or art. In this course, James Lisi explores the complexities of the Built-in Gain Tax Liability or the tax liability on the unrealized appreciation in an asset. Topics that Lisi cover include the field of tax affecting BIGL precedents; transfer considerations including market value of the asset and entity level contingencies; and variables that affect the discount for lack of marketability for minority interests like liquidity, control, and marketability. Lisi goes into depth in providing examples and analysis for built-in gain liability.
After completing this course, attendees will be able to:
- Recognize Built-in Gain Tax Liability and it's consequences
- Identify what may trigger a build-in gain liability
- Identify the contingencies at an entity level that can reduce value of the equity dollar for dollar
- Determine the effect a built-in gain tax liability has on different entities and interests
- Recognize the incorrect method and why it fails
- Recognize the different tax court/IRS challenges to build-in gain tax liability
- Identify how the time value of money can affect the valuation and built-in gain tax liability
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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