Internal Revenue Code Section 453: "Monetizing" the Tax Deferred Installment Sale of Farmland and Farm Commodities

No Thumbnail Available
Authors
Carlson, Darren R.
Issue Date
2019
Type
Journal Article
Language
Keywords
Research Projects
Organizational Units
Journal Issue
Alternative Title
Abstract
INTRODUCTION|The use of deferred payment reporting on sales of farmland and farm commodities has existed in various forms since its inception in 1918. For farmers who use the cash method of accounting, deferred payment has been a tax strategy utilized to defer the reporting of income into the following tax year. The deferred payment of farmland sales is commonly referred to as an installment sale. The deferred payment on personal property, such as grain and livestock, also qualifies for installment sale reporting.
Description
Citation
Publisher
Creighton University School of Law
License
Journal
Volume
Issue
PubMed ID
DOI
ISSN
EISSN