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" Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year which the gross profit... "
United States Reports: Cases Adjudged in the Supreme Court at ... and Rules ... - Page 403
by United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1933
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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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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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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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Reports of the U.S. Board of Tax Appeals, Volume 7

United States. Board of Tax Appeals - 1928
...revenue acts, and, so far as material here, is as follows: (d) Under regulations prescribed by the Commissioner with the approval of the Secretary, a...person who regularly sells or otherwise disposes of persoujil property on the installment plan may return as income therefrom in any taxable year that...
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Reports of the U.S. Board of Tax Appeals, Volume 6

United States. Board of Tax Appeals - 1928
...The right to return income from installment sales in accordance with this method- is extended to any person " who regularly sells or otherwise disposes of personal property on the installment plan." Nothing is found in the provisions of section 212 (d) which can be construed as limiting them, in their...
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Reports of the U.S. Board of Tax Appeals, Volume 15

United States. Board of Tax Appeals - 1930
...are plain to the point of bluntness. It requires a taxpayer to return in any taxable year as income that proportion of the installment payments " actually...which the total profit realized or to be realized when payment is complete, bears to the total contract price. It is clear that if no installment payment...
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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
...same in all of these cases, the same rule is uniformly applicable. The general rule prescribed is that a person who regularly sells or otherwise disposes of personal property on the installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income...
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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...payments actually received in that year which the gross profit realized or to be realized when payment is completed bears to the total contract price."...
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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
...that article. Section 44 (a) and section 44 (b) of the revenue act of 1928 provide that the taxpayer may return as income therefrom in any taxable year...that proportion of the installment payments actually ceived in that year wnieh the gross profit realized or to be real when payment is completed, bears...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 288

United States. Supreme Court - 1933
...transactions included in class (1) in article 44, the vendor may return as income from such transactions in any taxable year that proportion of the installment...the total profit realized or to be realized when the property is paid for bears to the total contract price." In 1924 respondent sold the 82nd Street property,...
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