Distinguishing Personal and Business Goodwill: Planning Strategies to Minimize Tax Liability
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This course will discuss strategies for businesses and individuals to minimize tax when separating business and personal goodwill. Our panel of income tax experts will review the traits of each and notable cases, including Martin Ice Cream Co. v. Commissioner.
- Characteristics of goodwill
- Tax considerations
- Valuation methods
- Martin Ice Cream Co. v. Commissioner and other notable cases
- State considerations
The panel will review these and other key issues:
- Specific characteristics of personal goodwill
- The tax effects of goodwill divisions when businesses are sold
- Methods used to value personal vs. business goodwill
- The effect of noncompete agreements on the division of goodwill
Partner, Washington National Tax
Mr. Gruidl has experience working with both publicly held and privately held businesses. His client service focus... | Read More
Mr. Gruidl has experience working with both publicly held and privately held businesses. His client service focus is on advising clients and firm personnel on corporate M&A activity; private equity transactions, consolidated group issues; analysis of net operating loss issues, and partnership taxation. He develops and delivers internal and external training on corporate tax and transaction related issues.Close
Cathy Roper, CPA/ABV, CVA, CFE, CGMA
Roper Consulting Group
Ms. Roper works with attorneys and clients either as a consultant or as their testifying expert regarding the value of... | Read More
Ms. Roper works with attorneys and clients either as a consultant or as their testifying expert regarding the value of closely-held companies and ownership interests, damage assessments, and fraud investigations. As a longtime adjunct accounting professor, she has a unique ability to explain complex financial concepts in ways that juries can relate to and understand. Previously focusing on financial forensics, she served as CFO for several different companies and uses that background with her knowledge of business valuation, to assist small business owners in making the changes necessary to maximize the value of their businesses.Close
Early Discount (through 10/15/21)
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.