Self-canceling installment notes (SCINs) are often discussed, but rarely used by our clients, until now. A SCIN involves the sale of an asset (for example, a business interest or stock), typically to ...

A tax strategy that seeks to delay expensive hits from the sale of assets like a real estate property or a business would face greater scrutiny from the IRS under a new proposed rule. Regulators "are ...

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 ...

If you are in the process of growing a small business, you might sell items to selected customers on the installment plan, whereby you deliver goods to the customer, typically after he makes a down ...

Ask the owner of a closely held business to describe their most recently recurring nightmare and you are likely to get an earful regarding the prospect of an increased federal income tax on their ...

They say in order to fully appreciate jazz music, you've got to listen to the notes that aren't being played. The same could be said of the tax law -- it's not enough to recognize what the Internal ...

This week, I’m doing a lecture for new financial advisors entitled, “Planning Techniques in the Gray Zone: The Good, Bad and Ugly.” The lecture is intended to show the history of a number of “gray” ...

If property is sold in a transaction in which the seller is to receive one or more payments at a future date, the transaction will generally be treated as an installment sale for federal income tax ...

Q: Is a promissory note better than a land installment contract? A: A land installment contract is a procedure whereby the property owner enters into a contract with a potential buyer. The buyer ...

Interestingly, a number of folks of late have asked me about so-called “monetized installment sales,” which are a form of transaction that promises these very results. Before describing how such sales ...