Future Sale of a Business: Minimizing the Tax Consequences

Barry M. Weins, CPA, JD

Cherry Bekaert

• Tax director with Cherry Bekaert, in the Tax Professional Practices Group with more than 32 years of tax experience
• As a member of the Professional Practices Group his primary role is to act as a technical resource to the tax practice and assist clients throughout out the firm
• His main area of responsibility is for corporate tax and mergers and acquisitions; this includes work in areas such as consolidated tax returns, corporate restructuring, stock basis, earning and profits, Section 382 analysis, as well as tax planning around acquisitions issues associated with S Corporations and partnerships
• Also has responsibilities associated with internal quality control and training related to the above areas
• Prior to becoming part of the Professional Practices Group, he provided clients with income tax planning and compliance strategies
• His extensive experience includes providing income tax planning and compliance services for S corporations, partnerships, individuals and corporations; additionally, he has worked with individuals on trust and estate planning and income taxation issues
• Has significant experience in state tax matters, stock basis, earnings and profits, and mergers and acquisitions
• Has represented clients before the Internal Revenue Service at both the examination level and in the appeals office
• Prior to joining Cherry Bekaert, he was a principal in the tax department at Aidman, Piser, serving midmarket businesses, entrepreneurs and publicly traded corporations, and served as a senior tax manager in the Fort Lauderdale office of a Big Four accounting firm