Archive for November 2023

MSPC CPAs is proud to announce the addition of Bob Cutolo as a new partner, bringing with him over two decades of extensive experience in tax services across various sectors. His expertise encompasses a broad spectrum of tax-related areas, including domestic, international, and state and local taxes, as well as mergers and acquisitions and tax…

Read More

By: Bob Cutolo, CPA Corporate mergers and acquisitions are generally classified as either stock or asset deals, and the tax consequences for the buyer and seller vary accordingly.    Asset Sale During an asset sale, the buyer can purchase the entire inventory of assets and obligations of the target corporation or choose to buy only selected…

Read More