DESCRIPTION
This module begins with a review of the basic rules for the built-in gains tax. We then address other issues, such as how unused net operating losses and installment sales affect the built-in gains tax. Next, we discuss the various ways to mitigate the tax. The module ends with two comprehensive case studies.
LEARNING OBJECTIVES
- Discuss the theory behind the built-in gains tax.
- Review the various hurdles in arriving at net recognized built-in gains.
- Calculate the built-in gains tax under various scenarios.
- Discuss the various ways to mitigate, defer, and avoid the built-in gains tax.
