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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 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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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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Cases Decided in the United States Court of Claims, Volume 85

United States. Court of Claims - 1938
...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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Reports of the U.S. Board of Tax Appeals, Volume 38

United States. Board of Tax Appeals - 1939
...'SEC. 44. INSTALLMENT BASIS. (a) Dealers in personal property. Under regulations prescribed by the Commissioner with the approval of the Secretary, a...payment Is completed, bears to the total contract price. (h) Soles of realty and casual sales of personalty. In the case (1) of a casual sale or other casual...
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The Code of Federal Regulations of the United States of America Having ...

1939
...44. Installment basts. (a) Dealers in personal property. Under regulations prescribed by the e taxpayer, which affidavit shall state that the taxpayer...refund of an amount equal to all or a portion of the t or the Installment payments actually received in that year which the gross profit realized or to be...
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The Code of Federal Regulations of the United States of America Having ...

1939
...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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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1979
...installment payment. LAW AND ANALYSIS Section 453 (a) of the Code provides that a person who regularly sells personal property on the installment plan may return...is completed, bears to the "total contract price." Rev. Rul. 60-53, 1960-1 CB 185, provides that in determining the "total contract price" (the denominator...
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Reports of the Tax Court of the United States, Volume 50

United States. Tax Court - 1968
...PERSONAL PROPERTY. (1) IN GENERAL. Under regulations prescribed liy the Secretary or his delegate, a person who regularly sells or otherwise disposes...payments actually received in that year which the gross proflt. realized or to be realized when payment is completed, bears to the total contract price. *****...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1979
...370* dollars. LAW AND ANALYSIS Section 453 (a) (1) of the Code provides that a person who sells or disposes of personal property on the installment plan...the gross profit, realized or to be realized when the payment is completed, bears to the total contract price. Section 453 (b) of the Code provides that...
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Reports of the Tax Court of the United States, Volume 52

United States. Tax Court - 1969
...(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 pros* profit, realized or to be realized when payment is completed, bears to the total contract price....
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