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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... "
Comparison of the Revenue Acts of 1934 and 1936 - Page 38
by United States, United States. Congress. House. Committee on Ways and Means - 1936 - 290 pages
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 288

United States. Supreme Court - 1933
...of the Commissioner does clearly reflect the income. . . . "(d) Under regulations prescribed by the Commissioner with the approval of the Secretary, a...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...
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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
...installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income therefrom in any taxable year...payments actually received in that year which the total or gross profit (that is, sales less cost of goods sold) realized or to be realized when the...
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Reports of the U.S. Board of Tax Appeals, Volume 28

United States. Board of Tax Appeals - 1934
...respect of which the change was made. SEC. 212. (d) Under regulations prescribed by the Coimni.ssiuutr 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 payment is completed bears to the total contract price....
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Regulations 86 Relating to the Income Tax Under the Revenue Act of 1934

United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 466 pages
...installment plan, whether or not title remains in the vendor until the property is fully paid for, may return as income therefrom in any taxable year...payments actually received in that year which the total or gross profit (that is, sales less cost of goods sold) realized or to be realized when the...
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Regulations 94 Relating to the Income Tax Under the Revenue Act of 1936

United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1936 - 566 pages
...installment plan, whether or not title remains in the Tendor until the property is fully paid for, may return as income therefrom in any taxable year...payments actually received in that year which the total or gross profit (that is, sales less cost of goods sold) realized or to be realized when the...
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Reports of the U.S. Board of Tax Appeals, Volume 33

United States. Board of Tax Appeals - 1936
...SBC. 44. JNSTALLMKNT BASIS. (a) Dealers in personal property. Under regulations prescribed by the Commissioner with the approval of the Secretary, a...otherwise disposes of personal property on the installment basis may return as income therefrom In any taxable year that proportion of the installment payments...
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Legislative Calendar, Volume 53, Part 1

United States. Congress. Senate. Committee on Finance - 1939
...SEC 44. INSTALLMENT BASIS. (a) DEALERS IN PERSONAL, PROPERTY. Under regulations prescribed by the Commissioner with the approval of the Secretary, a...completed, bears to the total contract price. (b) SALES or REALTY AND CASUAL SALES OF PERSONALITY. In the case (1) of a casual sale or other casual disposition...
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Legislative Calendar, Volume 53, Part 2

United States. Congress. Senate. Committee on Finance - 1939
...BASIS SEC. 13. (a) DEALERS IN PERSONAL PROPERTY. Under regulations prescribed by the Commissioners, a person who regularly sells or otherwise disposes...contract price. (b) SALES OF REALTY AND CASUAL SALES OF PERSONALTY. In the case of (1) a casual sale or other casual disposition of personal prop- sonaity....
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Codification of Internal Revenue Laws, ... Published Pursuant to Section ...

United States - 1938 - 628 pages
...wlio regularly sells or otherwise disposes of personal property on the installment plan may return us income therefrom in any taxable year that proportion...contract price. (b) .SALES OF REALTY AND CASUAL SALES OF PERSONALTY. In the case (1) of a casual sale or other casual disposition of personal property (other...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 304

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1938
...returned on the installment method (44 (b)); ie, the taxpayer may return 191 Opinion of the Court. in any taxable year that proportion of the installment...to be realized when payment is completed bears to total contract price. See 44 (a). Regulations 74 permit the vendor to return income from installment...
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