This course defines the terms used in installment sales and explains the tax effects, including depreciation recapture, of reporting an installment sale. It defines the types of sales which do and do not qualify and how to report a sale, a recapture and a renegotiated sales price.
2-4 years tax preparation experience
At the conclusion of this class the student should understand sales that do and do not qualify for installment tax treatment. We discuss, with over a dozen example completed forms, repossessions, renegotiations and contingent installment sales. We show the student how and when to elect out of installment treatment and discuss related party sales as well as their subsequent resales. The course ends with a comprehensive example and discussion of structured installment sales.
Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.
INS20522
Registration is open through 05/21.
3:00pm to 5:00pm (Check-In 2:30pm)
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May 20, 2024
May 21, 2024
