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Installment Sale: Basics, Calculations and Reporting

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC
Installment Sale: Basics, Calculations and Reporting

1.5 Credits

$15

Subject Area

Taxes

Webinar Qualifies For

1.5 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00744-21-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0693)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1.5 CPD credit (Verifiable) for CPA/PFS

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00744-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00744-21-O)

1.5 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

With a proposed increase to ordinary income tax rates and long-term capital gains rates, income tax deferral has become a hot-button issue for clients. A technique which has picked up steam in the face of tax reform is the installment sale, which can defer capital gains when structured correctly.

When you sell something for more than you paid for it, you report the income on your taxes for the year in which the sale took place. Sometimes, though, the buyer spreads the payments out over more than one year. In that case, it’s what the Internal Revenue Service (IRS) refers to as an installment sale. Taxpayers use Form 6252 to report income from installment sales.

Join Griffin Bridgers, JD, LL.M in this CPE/CE webinar for a look at the following topics:

  • What qualifies for installment sale treatment
  • How to elect in and out of installment sale treatment
  • How to calculate the gross profit percentage
  • Issues and pitfalls in structuring an installment sale
  • Which assets qualify for installment sale reporting
  • How to deal with recapture of prior cost recovery deductions in an installment sale
  • Issues with related parties and dispositions of notes
  • IRS Form 6252.

Learning Objectives

  • To identify which types of sales, taxpayers, assets, and forms of taxable income qualify for installment sale reporting under the Internal Revenue Code
  • To explain the basics of completing IRS Form 6252
  • To explain basic tax and non-tax considerations when structuring and disposing of an installment sale note

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Finance Pros
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Young CPA

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