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.

In our second webinar, we will evaluate the relevant authorities that impact the treatment of transaction costs for particular types of services performed (due diligence, investment advisory, financing services, employee compensation consulting and employee plan consulting, transition services, etc.) and discuss the types of documents that need to be reviewed to determine both the type of service performed and the timing of the services. An example of a cost allocation schedule generated from this type of review will be used to illustrate the application of the authorities.

This second webinar will also discuss the availability of the safe harbor election for certain success-based fees under Rev. Proc. 2011-29, the procedures needed to document the ability to make the election, the consequences of making the safe harbor election, and what can be done if the election deadline is missed.

These are the slides from the webinar.