Contractual Aspects of Purchase Price Allocations

Alan Kornstein joins a panel of experienced taxation law attorneys to discuss “Contractual Aspects of Purchase Price Allocations” during NJICLE’s 14^th Annual Federal Tax Law  Symposium. It is prudent for asset purchase agreements to contain language requiring agreement on purchase price allocation to minimize the risk that the IRS will challenge the allocation submitted by either or both parties. This segment reviews the methods for purchase price allocations and considerations important to both buyers and sellers, with particular focus on alternative drafting approaches.