 | New York (State) - 1935 - 1272 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...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... | |
 | Philippines - 1986 - 492 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 3756 OFFICIAL GAZETTE 3757 profit realized or to be realized when payment is completed, bears... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 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... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...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... | |
 | Nathan William MacChesney - 1927 - 960 pages
...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. If for any reason the purchaser defaults in... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...regularly sells or otherwise disposes of 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 ine total profit realized or to be realized when the payment is completed, bears to the total contract... | |
 | United States. Board of Tax Appeals - 1928 - 1582 pages
...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... | |
 | New York (State). State Tax Commission - 1928 - 706 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...payment is completed, bears to the total contract price. The chapter provides also for returns on the same basis in the case of a casual sale of personal property... | |
 | New York (State). Legislature - 1928 - 1122 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...payment is completed, bears to the total contract price. The chapter provides also for returns on the same basis in the case of a casual sale of personal property... | |
 | 1928 - 826 pages
...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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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... 
