This course covers a variety of tax-saving tips that are likely to benefit clients that are buying or selling a business. The course also provides many tax-savings tips for the buyers of businesses who are hoping to take advantage of tax-favored retirement plans and fringe benefits. This intermediate level course is most appropriate for the professional with existing knowledge of the federal income taxation of individuals and small business entities or the professional seeking to expand his or her knowledge base and who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both. This course has been updated for relevant federal tax changes and federal tax change proposals.