Should installment obligations be canceled as gifts?: An article from: The Tax Adviser
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This digital document is an article from The Tax Adviser, published by American Institute of CPA's on October 1, 1992. The length of the article is 607 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 Digital Locker immediately after purchase. You can view it with any web browser. From the supplier: Transfers of property from an older to a younger generation may benefit from use of the instalment sale technique. One way to make this technique extremely effective is to give gifts of cash which are used to pay off the installment debt. This is more useful than the cancellation of the debt by the owner since the IRS may then treat the entire transaction as a gift, and tax it accordingly. Citation Details Title: Should installment obligations be canceled as gifts? Author: Howard A. Stone Publication: The Tax Adviser (Magazine/Journal) Date: October 1, 1992 Publisher: American Institute of CPA's Volume: 23 Issue: n10 Page: 650(2) Distributed by Thomson Gale Read more
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