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Selling Contracts

December 2, 2019 By Jasper L. (Jack) Cummings, Jr.

If you think about it, franchises aren’t just fast food restaurants and auto parts stores within a specified area. Our Federal Tax Group reveals how nearly any contract to buy or sell goods or services can lead to favorable capital-gains treatment.

  • Defining “franchise” under Section 1253
  • Examples of franchise contracts
  • How limiting is the “specified area” requirement?

Read the full advisory here.

Filed Under: Federal Tax Advisory, Uncategorized Tagged With: capital gains, franchise, section 1253, specified area

About Jasper L. (Jack) Cummings, Jr.

Jack Cummings is counsel in the Federal Tax Group of Alston & Bird in Raleigh and Washington, D.C. He served as IRS associate chief counsel (corporate) and chair of the Corporate Tax Committee of the ABA Section of Taxation.

[Read Bio]

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