 | United States. Board of Tax Appeals - 1936 - 1468 pages
...reporting may be used by the petitioner, which requires that a taxpayer using it must return as income " that proportion of the installment payments actually received in that year which the gross profit realized when payment is completed, bears to the total contract price." In ascertaining... | |
 | United States - 1939 - 780 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.... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...sells or otherwise disposes of personal property on the installment plan may return us 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.... | |
 | 1926 - 958 pages
...dealer In personal property sold on the Installment plan. This basis may also be used by a person making a casual sale or other casual disposition of personal property for a price exceeding $1,000, or by a person disposing of real property, if in either case the initial payments do not exceed one-fourth... | |
 | 1940 - 1806 pages
...not title remains in the vendor until the property is fully paid for, may return as income therefrom , only If such contributions or gifts are to be used...the United States exclusively for such purposes) , or gross profit (that is, sales less cost of goods sold) realized or to be realized when the property... | |
 | 1941 - 1688 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.... | |
 | 1939 - 1030 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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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... 
