Even one day of unanticipated tax liabilities can have meaningful consequences. Our Federal Tax Group turns your attention to the little-regarded – but still important – straddle-period provisions in acquisition agreements.
- The “interim closing of the books” vs. “proration” approaches
- Avoiding a one-day disparity between straddle-period accruals for taxes and everything else
- Special rules for S corporation terminations
Read the full advisory here.