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Glossary Definition

What is an Installment Sale?

An installment sale is an asset sale where the buyer makes payments to the seller over time rather than in one payment upfront. The seller and buyer enter into an agreement where the buyer pays a portion of the total payment in the first year and agrees to make payments over a set period, including interest, backed by a promissory note. In exchange, the seller transfers ownership of the property to the buyer.

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Corvee Blog

Read the latest tax planning thought leadership from Corvee.

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Tax Planning Strategies

Our team of tax experts has scoured tax rules and regulations to create detailed tax strategies you can use to find savings for your clients.

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