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section 1253

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. [...]Read more

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

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