Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" As used in this section the term "initial payments" means the payments received in cash or property other than evidences of indebtedness of the purchaser during the taxable period in which the sale or other disposition is made. "
Cases Decided in the United States Court of Claims - Page 845
by United States. Court of Claims - 1936
Full view - About this book

Revenue Revision 1927-28: Hearings Before the Committee on Ways and Means ...

United States. Congress. House. Committee on Ways and Means - 1927 - 1014 pages
...prescribed in this subdivision. A- used in this subdivision the term 'initial payments' means the payments received in cash or property other than evidences...period in which the sale or other disposition is made." Under this section of the income tax law the Board of Tax Appeals tins held that a taxpayer who changes...
Full view - About this book

Report of the Joint Committee on Internal Revenue Taxation

United States. Congress. Joint Committee on Internal Revenue Taxation - 1927
...prescribed in this section. As used in this section the term "initial payments" means the payments received in cash or property other than evidences...period in which the sale or other disposition is made. SEC. 45. CONSOLIDATION OF ACCOUNTS. In any case of two or more related trades or businesses (whether...
Full view - About this book

Comparison of the Revenue Acts of 1926 and 1928: With Index

United States - 1928 - 247 pages
...prescribed in this section. As used in this section the term "initial payments" means the payments received in cash or property other than evidences...period in which the sale or other disposition is made. (c) Change from accrual to installment basis. If a taxpayer entitled to the benefits of subsection...
Full view - About this book

Reports of the U.S. Board of Tax Appeals, Volume 6

United States. Board of Tax Appeals - 1928
...price. (2) Deferred-payment sales not on the installment plan ; that is, sales In whit-h the payments received In cash or property other than evidences of Indebtedness of the purchaser daring the taxable year in which the sale Is made exceed one-fourth of the purchase price. Sales falling...
Full view - About this book

Regulations 74 Relating to the Income Tax Under the Revenue Act of 1928

United States. Internal Revenue Service - 1931 - 491 pages
...price. (2) Deferred-payment sales not on the installment plan, that is, sales in which the payments received in cash or property other than evidences...of indebtedness of the purchaser during the taxable year in which the sale is made exceed 40 per cent of the selling price. Sales falling within class...
Full view - About this book

Regulations 77 Relating to the Income Tax Under the Revenue Act of 1932

United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1933 - 423 pages
...for a price exceeding $1,000, income may be returned on the installment basis provided the payments received in cash or property other than evidences...of indebtedness of the purchaser during the taxable year in which the sale or other disposition is made do not exceed 40 per cent of the selling price....
Full view - About this book

United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 288

United States. Supreme Court - 1933
...sale, as follows: "(1) Sales of property on the installment plan, that is, sales in which the payments received in cash or property other than evidences...of indebtedness of the purchaser during the taxable year in which the sale is made do not exceed one-fourth of the purchase price. "(2) Deferred-payment...
Full view - About this book

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
...sale, as follows: "(1) Sales of property on the installment plan, that is, sales in which the payments received in cash or property other than evidences...of indebtedness of the purchaser during the taxable year in which the sale is made do not exceed one-fourth of the purchase price. "(2) Deferred-payment...
Full view - About this book

Reports of the U.S. Board of Tax Appeals, Volume 25

United States. Board of Tax Appeals - 1933
...The expression " initial payments " is defined in the above quoted section of the statute as payments in cash or property other than evidences of indebtedness of the purchaser. The $30,000 paid to the taxpayer in cash, derived from the second mortgage to the building and loan...
Full view - About this book

Reports of the U.S. Board of Tax Appeals, Volume 28

United States. Board of Tax Appeals - 1934
...described in this subdivision. As used in this subdivision the term "initial payments " means the payments received in cash or property other than evidences...indebtedness of the purchaser during the taxable period in wlik-h the sale or other disposition is made. Respondent contends that the sale of the stock was completed...
Full view - About this book




  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF