An installment sale occurs when property is disposed of and at least one payment is received after the tax year of the disposition. See I.R.C. ยง 453. Under a standard installment sale, the buyer makes scheduled payments to...more
On the morning of Dec. 20, 2022, we finally got a look at the language being negotiated in the 4,155 page Omnibus spending bill. Buried in the bill is new language relating to donations of conservation easements by...more