 | Olin Winthrop Blackett - 1928 - 912 pages
...Regulations 74, is to the effect that in cases of installment sales "the vendor may return as income .... that proportion of the installment payments actually...the total profit realized or to be realized when the property is paid for bears to the total contract price." The definition of an installment sale of real... | |
 | United States - 1928 - 268 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.... | |
 | United States. Board of Tax Appeals - 1928 - 1560 pages
...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... | |
 | Robert Hiester Montgomery - 1927 - 592 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...disposition of personal property for a price exceeding $1,ooo, or (2) of a sale or other disposition of real property, if in either case the initial payments... | |
 | Robert Hiester Montgomery - 1927 - 592 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...completed, bears to the total contract price. In the case (i) of a casual sale or other casual disposition of personal property for a price exceeding $1,000,... | |
 | Robert Hiester Montgomery - 1927 - 1510 pages
...not title remains in the vendor until the property is fully paid for, may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year * Previously the gain or loss was total collections minus profits previously returned. Depreciation... | |
 | Robert Hiester Montgomery - 1927 - 1510 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 rear which the total profit realized or to be realized when the payment is completed, bears to the... | |
 | 1926 - 294 pages
...as income that proportion of the total cash received during the taxable year from instalment sales which the total profit realized or to be realized when the payment shall have been completed bears to the total contract price. This provision appears at first blush... | |
 | United States. Board of Tax Appeals - 1930 - 1608 pages
...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... | |
 | United States. Board of Tax Appeals - 1930 - 1618 pages
...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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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... 
