CPE Central´s
Installment Sales -
2 Credit Tax Course
This mini-course discusses the particulars of installment sales, including requirements, calculation and pitfalls. Cross issues such as a combined installment sale and like-kind exchange, the impact of related parties, pledging, repossession and contingent payments are reviewed.
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Learning Path Overview
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Course Text
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Exam Text
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10 Question Online Exam
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Progress Report
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Transcript
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Certificate
Course Description
An installment sale is a sale of property where one or more payments are received after the close of the tax year. This mini-course discusses the particulars of installment sales, including requirements, calculation and pitfalls. Cross issues such as a combined installment sale and like-kind exchange, the impact of related parties, pledging, repossession and contingent payments are reviewed. Also, the importance of recognizing the dangers of dealer status, inventory, purchase price allocation, and installment note disposition are emphasized.
2024-25 Edition
2024-25 Edition
Level: Basic
Prerequisites: None
Course Instructions
Study the course text which may be downloaded and printed, and take the optional Review Questions for each chapter.
Then take the Final Exam. A Final Exam consists of 5 questions per credit hour with unlimited attempts. Final exams are divided into 25 question parts for of ease taking and re-taking longer exams. Each part is graded separately and may be re-taken separately. All parts must be passed with a minimum score of 70% to complete a course.
Upon successful completion, the participant will automatically receive a Certificate of Completion. The certificate may be downloaded and printed.
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