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If it wasn't part of the buy/sell agreement, both buyer and seller should meet to discuss the purchase price allocation. See IRS Form 8594 (which will need to b...
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@PATAXwrote: Maybe Neil's favorite song was "we got to get out of this place" by The Animals. It was. 🙂 I met him and his son for breakfast shortly after he l...
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I fell for that once already, then they let him direct so he was resurrected in Star Trek III.
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YMMV. From a Teams meeting yesterday with my area Stakeholder Liaison group, there's a Payment Transfer Tool that the IRS used to use to move money around. It h...
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Yeah, installment sales are a "taxpayer friendly" provision to defer taxable gains. Take the loss up front (and then potentially make an adjustment later if the...
