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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... "
Cases Decided in the United States Court of Claims - Page 844
by United States. Court of Claims - 1936
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Laws of the State of New York, Volume 1

New York (State) - 1935
...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...sale or other casual disposition of personal property (other than property of a kind which would properly be included in the inventory of the taxpayer if...
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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
...property {whether real or personal property) on the installment plan may return as Income therefrom in any taxable year that proportion of the installment...is completed, bears to the total contract price." Argument : The first part of section 212 (d) is left as it now reads except the word " personal " has...
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Report of the Joint Committee on Internal Revenue Taxation

United States. Congress. Joint Committee on Internal Revenue Taxation - 1927
...taxpayer may report his income on the installment basis, at his option, and include in income the " proportion of the installment payments actually received...payment is completed bears to the total contract price." The regulations, basedon the law and its legislative history, provide that in the period subsequent...
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Reports of the U.S. Board of Tax Appeals, Volume 7

United States. Board of Tax Appeals - 1928
...or otherwise disposes of persoujil property on the installment plan may return as income therefrom in any taxable year that proportion of the installment...payment is completed, bears to the total contract price * * *. Revenue Act of 1926. But Congress, at least the Senate, was made aware of the decision of this...
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United States Congressional Serial Set

1928
...a taxpayer may report his income on the installment basis, at his option, and include in income the "proportion of the installment payments actually received...payment is completed bears to the total contract price." The regulations, based on the law and its legislative history, provide that in the period subsequent...
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Comparison of the Revenue Acts of 1926 and 1928: With Index

United States - 1928 - 247 pages
...personal property on the installment 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 realized or to be realized when payment is completed, bears to the total contract price....
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Reports of the U.S. Board of Tax Appeals, Volume 6

United States. Board of Tax Appeals - 1928
...in the first class of deferred-payment sales the render may return as income from such transactions in any taxable year that proportion of the installment payments actually received in that year vtaldi the total profit realized or to be realized when the property is paid tor bears to the total...
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Reports of the U.S. Board of Tax Appeals, Volume 14

United States. Board of Tax Appeals - 1930
...taxable year that proportion of the installment payments actually received in that year which the tola! profit realized or to be realized when the payment...disposition of personal property for a price exceeding $1.000, or (2) of a sale or other disposition of real property, if in either case the initial payments...
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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
...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 realized or to be realized when payment is completed, bears to the total contract price....
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