This course will explore the many complex rules of installment sales, with a focus on the tax treatment and strategies to maximize the benefits.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Handout Tab and submit to kori.herrera@acpen.com
DESIGNED FOR
CPAs and members in industry seeking an in-depth review of installment sales
BENEFITS
- Implement practical strategies based on a thorough understanding of the complex rules
- Identify and recall key compliance issues
- Identify and recall significant issues in the installment sale tax form
HIGHLIGHTS
- Installment sale treatment eligibility
- When to elect out of installment sale treatment
- Installment sales of business assets
- Installment sale default and the rules for personal property vs real property
- Depreciation recapture
PREREQUISITES
Basic working knowledge of individual and business taxation
ADVANCE PREPARATION
None