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 ...

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 ...

Under a self-cancelling installment note (SCIN), the selling business owner agrees to sell property to a buyer (often, the owner’s children or other beneficiaries) in exchange for an installment note ...

Promoters market monetized installment sales as a strategy to receive all of the proceeds from the sale of a highly appreciated asset in the year of the sale but defer paying the corresponding tax ...

A self-canceling installment note (SCIN) is a debt obligation that by its terms is extinguished at the death of the seller-creditor, with the remaining note balance canceled automatically. The ...

In an economy still struggling on many fronts, installment sales offer a useful tool for many taxpayers to create liquidity to buy and sell property in an otherwise "credit-sparse" environment. With ...

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 ...

Tax Appeals Tribunal columnist Joseph Lipari discusses '1018 Morris Park Avenue Realty', in which the New York City Tax Appeals Tribunal ruled that a corporation must recognize all gain derived from ...

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 ...