Installment Method of Accounting Allowed for Qualifying
Accrual Method Taxpayers
Before December 17, 1999, qualifying accrual method taxpayers
could report sales or other dispositions of property on the
installment method. For sales of certain property occurring after
December 16, 1999, accrual method taxpayers were prohibited from
using the installment method.
This prohibition has been repealed, retroactive to December 17,
1999. Qualifying accrual method taxpayers can use the installment
method to report sales and other dispositions of property as if
the prohibition had never been enacted.
Solutions
are dependent upon facts & circumstances, law and the
objectives. These elements vary from one time to another, from one
circumstance to another and from person or entity to another
My
Name
Perhaps
you may find some help to understand this process by first looking at
the IRS form 6252:
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