 Secretary, a person who regularly 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 total profit...  Reports of the Tax Court of the United States - Page 305by United States. Tax Court - 1959Full view - About this book
 | United States. Court of Claims - 1931 - 854 pages
...revenue act of 1926 read as follows : "SEC. 212 (d). Under regulations prescribed by the commissioner with the approval of the secretary, a person who regularly...payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...same in all of these cases, the same rule is uniformly applicable. The general rule prescribed is that a person who regularly sells or otherwise disposes of personal property on the installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income... | |
 | United States. Congress. House. Committee on Ways and Means - 1932 - 1266 pages
...that article. Section 44 (a) and section 44 (b) of the revenue act of 1928 provide that the taxpayer may return as income therefrom in any taxable year...that proportion of the installment payments actually ceived in that year wnieh the gross profit realized or to be real when payment is completed, bears... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...same in all of these cases, the same rule is uniformly applicable. The general rule prescribed is that a person who regularly sells or otherwise disposes of personal property on the installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...same in all of these cases, the same rule is uniformly applicable. The general rule prescribed is that a person who regularly sells or otherwise disposes of personal property on the installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income... | |
 | 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 the two terms of this... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...same in all of these cases, the same rule is uniformly applicable. The general rule prescribed 's that a person who regularly sells or otherwise disposes of personal property on the installment plan, whether or not title remains in the Tendor until the property is fully paid for, may return as income... | |
 | United States. Court of Claims - 1938 - 764 pages
...1928, to report the transaction on the installment basis and to return as income therefrom in 1928 that proportion of the installment payments actually...gross profit realized or to be realized, when payment was completed, bore to the total sales price; and it is immaterial that plaintiff, who employed the... | |
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