 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...  Internal Revenue Cumulative Bulletin - Page 200by United States. Internal Revenue Service - 1979Full view - About this book
 | New York (State) - 1935 - 1272 pages
...taxable year that proportion of the installment 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 price. In the case (1) of a casual sale or other casual disposition of personal property (other than property... | |
 | United States. Court of Claims - 1936 - 940 pages
...sells or otherwise disposes of personal property on the installment plan may return as income tnerefrom in any taxable year that proportion of the installment...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... | |
 | Philippines - 1986 - 492 pages
...Under regulations prescribed by the Minister of Finance, a person who regularly sells or otherwise disposes of personal property on the installment plan...payments actually received in that year which the gross 3756 OFFICIAL GAZETTE 3757 profit realized or to be realized when payment is completed, bears to the... | |
 | Nathan William MacChesney - 1927 - 960 pages
...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...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... | |
 | Eric Louis Kohler - 1927 - 618 pages
...the Commissioner and with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan...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... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...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...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... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of property on the Installment plan may return as income...Installment payments actually received in that year which ine total profit realized or to be realized when the payment is completed, bears to the total contract... | |
 | Nathan William MacChesney - 1927 - 960 pages
...price. A sale having been determined to be an installment sale the statute provides that the taxpayer "may return as income therefrom in any taxable year...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 price."... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 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... | |
 | United States - 1928 - 1164 pages
...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...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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