 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 gross profit...  Reports of the U.S. Board of Tax Appeals - Page 209by United States. Board of Tax Appeals - 1934Full view - About this book
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1944 - 336 pages
...INSTALLMENT BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly...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 - 1945 - 350 pages
...INSTALLMENT BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly...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.... | |
 | Philippines - 1945 - 1064 pages
...— (a) Dealers in personal property. — Under regulations prescribed by the Secretary of Finance, a person who regularly sells or otherwise disposes...installment payments actually received in that year (b) Sales- of realty and casual sales of personalty. — In the case (1) of a casual sale or other... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 pages
...INSTALLMENT BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly...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. Tax Court - 1959 - 1372 pages
...After the initial payment of $400, the purchaser was to pay $5,700 to the partnership by making iloner with the approval of the Secretary, a person who regularly...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. Tax Court - 1959 - 1410 pages
...was to pay $5,700 to the partnership by making sloner with the approval of the Secretary, a perion who regularly sells or otherwise disposes of personal...may return as Income therefrom In any taxable year thnt proportion of the Installment payments actually received In that year which the gross profit realized... | |
 | 1961 - 566 pages
...— (a) Dealers in personal property. Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...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. Tax Court - 1963 - 1180 pages
...(a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Secretary or bis delegate, a person who regularly sells or otherwise disposes of personal property on the Installment plnn may return as Income therefrom In any taxable year that proportion of the Installment payments... | |
 | United States. Internal Revenue Service - 1964 - 1462 pages
...reporting income. Under the provisions of section 453 (a) of the Code, a dealer in personal property q m ©L# $ Af \ O % D ) 6 cUO >0 5!! M[ Z is generally permitted to return as income therefrom in any taxable year that proportion of the installment... | |
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