Installment sales of property under Section 453. (Internal Revenue Code): An article from: The National Public Accountant

This digital document is an article from The National Public Accountant, published by National Society of Public Accountants on May 1, 1996. The length of the article is 3676 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Internal Revenue Code Sec. 453 describes an installment sale as a relinquishment of property where a minimum of one payment is to be collected after the end of the taxable year during which the disposition takes place. A minimum payment requirement in the year of sale is no longer necessary and a sale without payment in the year of sale is treated as installment sale. The installment approach is suitable for deferment of payment of taxes upon the sale of a high value/low basis asset. The tax rules and reporting requirements governing installment sale are discussed.

Citation Details
Title: Installment sales of property under Section 453. (Internal Revenue Code)
Author: Randy Swad
Publication:The National Public Accountant (Magazine/Journal)
Date: May 1, 1996
Publisher: National Society of Public Accountants
Volume: v41 Issue: n5 Page: p27(5)

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