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Final regulations coordinate deferred like-kind exchange and installment sale rules.: An article from: The Tax Adviser
Product Description
This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on September 1, 1994. The length of the article is 900 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: IRS regulations under IRC sections 1031 and 453 identify how the taxpayer contemplating a deferred like-kind exchange can also use the installment sale accounting method. For a deferred like-kind exchange to be tax-free, the property and funds being transferred must be held in escrow or held by an intermediary during the exchange period, which is no longer than 180 days. For installment sale purposes, the transfer into escrow is not an immediate sale, and failure of the like-kind exchange does not bar use of the installment method.
Citation Details
Title: Final regulations coordinate deferred like-kind exchange and installment sale rules.
Author: Spence L. Wise
Publication: The Tax Adviser (Magazine/Journal)
Date: September 1, 1994
Publisher: American Institute of CPA’s
Volume: 25 Issue: n9 Page: 562(2)
Distributed by Thomson Gale
Final regulations coordinate deferred like-kind exchange and installment sale rules.: An article from: The Tax Adviser