Forbes Article: Tax Geek Tuesday: A Buyer's Best Friend - Understanding The Section 338(h)(10) Election
April 21, 2018
Tax Geek Tuesday: "While acquiring a business can feel daunting, what with all of the fancy terms and high-priced attorneys and such, when you boil it all down, there are really just two ways to buy a business: you can either purchase the company's assets, or you can purchase the company's stock.”
Most buyers prefer to purchase assets because of the more favorable tax implications. However, in certain situations, assets cannot be purchased. Section 338 (h ) (10) Election offers an alternative should this be the case.
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