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 ...

So, you find yourself owing the IRS and not being able to pay? Sometimes, due to unforeseen circumstances a taxpayer is unable to pay their entire balance due to the IRS. Rather than failing to file ...

Dana Jennings and Joseph Furlong each bought a car from Carvana, a nationwide online used car dealer. On the day of their purchases, each signed three separate documents: a “retail purchasing ...

The Internal Revenue Service and the Treasury Department want to curb the use of some types of monetized installment sale transactions by listing them as potentially abusive tax dodges. Processing ...

Any disposition of property where at least one payment will be received after the close of the tax year of disposition may be treated as an installment sale. 1 Generally, however, the installment ...

Question: We just filed delinquent 2023 tax returns and we owe the IRS $8,000 that we do not have. Can we make a deal with the IRS to pay them off monthly over time? Answer: A guaranteed installment ...

Financed transactions can result in states asserting "heads I win, tails you lose" by taking the tax at the time of sale but not accepting pain when the installment sale is busted. When a sale of ...