Deferred Payment Sales

7 Pages Posted: 9 Dec 2009

See all articles by Calvin H. Johnson

Calvin H. Johnson

University of Texas at Austin - School of Law

Date Written: July 14, 2008

Abstract

This proposal would treat cash received after the year of a deferred payment sale as ordinary income. Cash received would also be treated like boot, that is, as gain first.

The proposal is made as a part of the Shelf Project, a collaboration by tax professionals to develop and perfect proposals to help Congress when it needs to raise revenue. Shelf Project proposals are intended to raise revenue, defend the tax base, follow the money, and improve the rationality and efficiency of the tax system. The tax community can propose, follow, or edit proposals at http://www.taxshelf.org. A longer description of the Shelf Project is found at ‘‘The Shelf Project: Revenue-Raising Projects That Defend the Tax Base,’’ Tax Notes, Dec. 10, 2007, p. 1077, Doc 2007- 22632, or 2007 TNT 238-37.

Shelf Project proposals follow the format of a congressional tax committee report in explaining current law, what is wrong with it, and how to fix it.

Copyright 2008 Calvin H. Johnson.

Keywords: tax reform,deferred payment sale

JEL Classification: H20

Suggested Citation

Johnson, Calvin Harsha, Deferred Payment Sales (July 14, 2008). The Shelf Project, Tax Notes, Vol. 120, p. 157, July 14, 2008, Available at SSRN: https://ssrn.com/abstract=1520093

Calvin Harsha Johnson (Contact Author)

University of Texas at Austin - School of Law ( email )

727 East Dean Keeton Street
Austin, TX 78705
United States
512-232-1306 (Phone)
512-232-2399 (Fax)

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