Installment Sales#492516
This course has been archived and cannot be purchased.
Credit
Amount
CPA
2
EA / OTRP
2
Course Description
Course publication/revision date: This course was updated on 2/17/2016 (covers 2016 tax year).
An installment sale is a sale of property where one or more payments are received after the close of the tax year. This mini-course discusses the particulars of installment sales, including requirements, calculation and pitfalls. Cross issues such as a combined installment sale and like-kind exchange, the impact of related parties, pledging, repossession and contingent payments are reviewed. Also, the importance of recognizing the dangers of dealer status, inventory, purchase price allocation, and installment note disposition are emphasized.