Transaction Costs Webinar Series- Part Three: Deductions and IRS Exam Issues

Troutman Pepper
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Pepper Hamilton has launched a three-part webinar series on transaction costs. This series addresses the fundamental issues that arise when a company incurs transaction costs related to the acquisition or disposition of a business, and seeks to deduct a portion of these costs for federal income tax purposes.

Listen to the third and final webinar in the series, where we discuss tax positions relevant to the payment of an expense incurred by See more +

Pepper Hamilton has launched a three-part webinar series on transaction costs. This series addresses the fundamental issues that arise when a company incurs transaction costs related to the acquisition or disposition of a business, and seeks to deduct a portion of these costs for federal income tax purposes.

Listen to the third and final webinar in the series, where we discuss tax positions relevant to the payment of an expense incurred by another, which party is entitled to a deduction (if any) resulting from the transaction cost expense, and the proper timing of any deduction or amortization of allocated transaction costs. We discuss the type of documentation by the taxpayer that will assist with supporting the allocation of their transaction costs, including preparing the Revenue Procedure 2011-29 safe harbor election for success-based fees. We also discuss certain tax positions supporting recovery of capitalized costs, and provide a brief overview of typical IRS Exam issues that arise after the tax return has been filed. See less -

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