Course ID: BCATS

Business Combinations: Accounting for Tax Success

This course explores the tax and accounting implications of business combinations, focusing on the differences between taxable and non-taxable transactions. Attendees will gain a practical understanding of how deferred tax assets and liabilities are recognized under ASC 805 and ASC 740, with special attention to goodwill, identifiable intangibles, and valuation allowances. Real-world examples and iterative calculations will be used to illustrate key concepts.

For live and in-person events, this course is available for up to 2.0 CPE credits.

Learning Objectives

By the end of this session, participants will be able to:

  • Distinguish between taxable (asset) and non-taxable (stock) acquisitions based on their tax basis and deferred tax impact
  • Recall and measure deferred tax assets and liabilities in business combinations using ASC 805 and ASC 740 principles
  • Recognize the treatment of goodwill and intangible assets, including when deferred taxes are recognized or excluded
  • Identify the iterative calculations to determine deferred tax assets when tax-deductible goodwill exceeds book goodwill
  • Distinguish between acquisition-date and post-acquisition impacts relative to the role of valuation allowances in acquisition accounting
Major Topics

In this course, Lindsay Haskell, CPA and Director of Corporate Tax at TaxOps, provides clarity on the tax and accounting impact of business combinations. You’ll explore the key differences between asset and stock acquisitions and measure deferred tax assets and liabilities in business combinations using ASC 805 and ASC 740 principles. With practical examples and real-world scenarios, this course will help you distinguish key concepts in goodwill, intangibles, and valuation allowances.

Advanced Preparations

None

Who Should Attend

Finance, accounting and tax professionals, industry and in-house.

Fields of Study
Taxes
Prerequisites

None

Provider
Business Learning Institute
CPE Credits
2.0
Level
Basic

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.

Or, contact BLI: or team@blionline.org
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