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Accounting Brief: Taxable vs Non-Taxable Transactions in a Business Combination
ARTICLE | September 26, 2024
Authored by RSM US LLP
The tax structure of a business combination does not merely impact the income tax line(s) within the financial statements. It may also influence the values recorded for certain assets acquired and liabilities assumed. The purpose of this article is to discuss the accounting, tax and valuation considerations relating to the tax structure of a business combination (i.e., where the assets or entity acquired meets the definition of a business as defined in ASC 805, Business Combinations).
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Source: RSM US LLP.
Reprinted with permission from RSM US LLP.
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