DOWNLOAD FILE            

The manifest intent of installment sales by creating a win-win for all parties. We know this is true based on what the U.S. Supreme Court stated on installment sales in Commissioner v. South Texas Lumber Co., 333 U.S. 496, 503 (1948), wherein they stated: The installment basis of reporting was enacted, as shown by its history, to relieve taxpayers who adopted it from having to pay an income tax in the year of sale based on the full amount of anticipated profits when in fact they had received in cash only a small portion of the sales price.

To view this file, you will need Adobe Acrobat Reader. If you don't have it, click on the convenient link to the right.

Return to List of Articles