Excerpt from Practical Guidance

Assessing Tax Consequences Of Asset Sales

Law360, New York ( July 31, 2013, 2:56 PM EDT) -- Asset purchases present some interesting tax complications and opportunities. In general, the basic tax issue in an asset sale is that any gain on the assets sold is usually taxed at the corporate level of the seller. Thus, seller will have a gain if the assets are sold above their depreciated tax basis, and seller will have a tax loss if the assets are sold below the depreciated tax basis of the assets....

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