In an economy still struggling on many fronts, installment sales offer a useful tool for many taxpayers to create liquidity to buy and sell property in an otherwise "credit-sparse" environment. With ...

In cases where a taxpayer does not receive payment immediately after a sale, the taxpayer may be able to recognize the income from those sales over a period of time, rather than when the sale is made.

Under IRC Section 453(e)(1), if a taxpayer (“first seller”) disposes of property to a related person in an installment sale (“first sale”), and the related party in turn sells the property in a second ...

A business may opt to use installment sale accounting when it sells goods but the customer pays on an installment plan that exposes the business to considerable risk of default. Instead of counting ...

The Tax Court held that a mobile home business could not use the Sec. 453 installment method for reporting mobile home sales. In addition, the IRS could not change the partnership’s accounting method ...

An Analysis of Installment Sale and Structured Sale Language used in IRS Publications and Rulings TUCSON, AZ, USA, December 6, 2023 /EINPresswire.com/ -- Q-Financial ...

Tax Appeals Tribunal columnist Joseph Lipari discusses '1018 Morris Park Avenue Realty', in which the New York City Tax Appeals Tribunal ruled that a corporation must recognize all gain derived from ...