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" BASIS. (a) DEALERS IN PERSONAL PROPERTY. Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom... "
Comparison of the Revenue Acts of 1934 and 1936 - Page 38
by United States, United States. Congress. House. Committee on Ways and Means - 1936 - 290 pages
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Cases Decided in the United States Court of Claims, Volume 80

United States. Court of Claims - 1936
...death. Section 212 (d) of the Revenue Act of 1926 provides that " Under regulations prescribed by the Commissioner with the approval of the Secretary, a...property on the installment plan may return as income tnerefrom in any taxable year that proportion of the installment payments actually received in that...
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Report of the Joint Committee on Internal Revenue Taxation

United States. Congress. Joint Committee on Internal Revenue Taxation - 1927
...be taken as of a different period. SEC. 44. INSTALLMENT SALES. Under regulations prescribed by the Commissioner with the approval of the Secretary, a...payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract...
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Revenue Revision 1927-28: Hearings Before the Committee on Ways and Means ...

United States. Congress. House. Committee on Ways and Means - 1927 - 1014 pages
...the approval of the Secretary, a person who sells or otherwise disposes of property (whether real or personal property) on the installment plan may return...therefrom in any taxable year that proportion of the instalment payments actually received in that year which the total profit realized or to be realized...
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Reports of the U.S. Board of Tax Appeals, Volume 6

United States. Board of Tax Appeals - 1928
...pertinent to the matter under consideration, provides as follows : Under regulations prescribed by the Commissioner with the approval of the Secretary, a...installment payments actually received in that year whicji the total profit realized or to be realized when the payment is completed, bears to the total...
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Reports of the U.S. Board of Tax Appeals, Volume 7

United States. Board of Tax Appeals - 1928
...provides: (cl) Under regulations prescribed by the Commissioner with the approval of the Secretary, n person who regularly sells or otherwise disposes of...return as income therefrom In any taxable year that proportioii of the installment payments actually received In that year which the total profit realized...
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Comparison of the Revenue Acts of 1926 and 1928: With Index

United States - 1928 - 247 pages
...SEC. 44. INSTALMENT BASIS. (a) Dealers in personal property. Under regulations prescribed by the Commissioner with the approval of the Secretary, a...regularly sells or otherwise disposes of personal be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer;...
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Cases Decided in the United States Court of Claims, Volume 70

United States. Court of Claims - 1931
...1208 of the revenue act of 1926 read as follows : "SEC. 212 (d). Under regulations prescribed by the commissioner with the approval of the secretary, a...payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract...
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Regulations 74 Relating to the Income Tax Under the Revenue Act of 1928

United States. Internal Revenue Service - 1931 - 491 pages
...installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income therefrom in any taxable year...payments actually received in that year which the total or gross profit (that is, sales less cost of goods sold) realized or to be realized when the...
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Revenue Revision, 1932, Hearings ... Seventy-second Congress, 1st Session ...

United States. Congress. House. Committee on Ways and Means - 1932 - 1237 pages
...under the law while he lived. Section 44 (a) and (b), revenue act of 1928, provides: "The taxpayer may return as income therefrom in any taxable year...payment is completed bears to the total contract price." It is discriminatory inasmuch as it imposes an income tax on an involuntary transmission of property...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 288

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1933
...of the Commissioner does clearly reflect the income. . . . "(d) Under regulations prescribed by the Commissioner with the approval of the Secretary, a...payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract...
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