In selling businesses and property, buyers and sellers sometimes discuss “seller financing”. In the context of real estate, these arrangements are sometimes casually called “land contracts”. Generally ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. MEMPHIS, Tenn. — Willie and Nora Adams had ...

This applies for all sales, not just sales with seller financing. However, unlike real estate, depreciated property’s sale proceeds cannot be spread out over the duration of installment payments. This ...

When you sell on installment, your customer takes possession of the merchandise at the time of sale. The customer signs a contract agreeing to pay for the merchandise by making a fixed number of ...

Changes to two Pennsylvania statutes governing installment sales will take effect on November 27, 2014, as a result of House Bill 1128, signed into law by Governor Corbett as Act No. 2013-98 (Act 98).

The Tax Court remanded a case to the IRS Appeals Office after deciding an IRS settlement officer abused her discretion by withholding approval of an installment agreement pending liquidation of nearly ...

You can use the installment sales method of accounting when payment for items you sell stretches over more than one tax year. Businesses that offer sales on ...

The SCA clarified that the NCA did not prohibit OTR fees where it reasonably formed part of the vehicle’s purchase price (constituting the principal debt). The court however laid down strict rules for ...

For low-income families desperately seeking a home of their own, seller financing can seem too good to be true. A “lease to own” or a “no credit check” home loan can look like a welcome escape from ...

The IRS typically updates their list of issues that they believe are not proper. This is commonly referred to as the Dirty Dozen list. The latest Dirty Dozen list starts with Employee Retention Credit ...

The Tax Court held that Gerd Topsnik, an expatriate for purposes of U.S. tax law, was liable for tax on gains from installment sale payments that he received in 2010 before his expatriation. The Tax ...