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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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Reports of the Tax Court of the United States, Volume 41

United States. Tax Court - 1964
...of realization. Section 453, 1.RC 1954, provides in part as follows : SEC. 453. INSTALLMENT METHOD. any taxable year that proportion of the installment...completed, bears to the total contract price. (b) SALES op REALTY AND CASUAL SALES OF PERSONALTY. — (1) GENERAL RULE. — Income from — (A) a sale or other...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1972
...Code provides that, under regulations prescribed by the Secretary of the Treasury or his delegate, a person who regularly sells or otherwise disposes...taxable year that proportion of the installment payments received in that year which the gross profit, realized or to be realized when payment is completed,...
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Reports of the Tax Court of the United States, Volume 15

United States. Tax Court - 1951
...regulations prescribed by tbe Commissioner with the approval of tbe Secretary, a person who regularly sella or otherwise disposes of personal property on the...Installment payments actually received In that year whlcb the cross profit realized or to be realized when payment Is completed, bears to tbe total contract...
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Reports of the Tax Court of the United States, Volume 24

United States. Tax Court - 1956
...44. INSTALLMENT BASIS. (•) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...Installment plan may return as Income therefrom In any Unable year that proportion of the Installment payments actually received In that year whlcb the gross...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1974
...year do not exceed 30 percent of the selling price, the vendor may return as income from each sale in any taxable year that proportion of the installment...which the gross profit realized or to be realized when the property is paid for bears to the total contract price. Section 1.453-l(b)(l) of the regulations...
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Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1978
...amended return attempting to revoke the election. Section 453 (a) of the Code provides, in part, that a person who regularly sells or otherwise disposes...may return as income therefrom in any taxable year a proportion of the installment payments actually received in each year. Section 453 (b) of the Code...
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Reports of the Tax Court of the United States, Volume 50

United States. Tax Court - 1968
...that proportion of the Installment payments actually received In that year which the gross proilt, realized or to be realized when payment is completed,...**••**• (b) SALES OF REALTY AND CASUAL SALES OF PERSONALTY. — (1) GENERAL RULE. — Income from — (A) a sale or other disposition of real property,...
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Reports of the Tax Court of the United States, Volume 35

United States. Tax Court - 1961
...of real property on installment plan. • * * the vendor may return as Income from such transactions in any taxable year that proportion of the installment...payments actually received in that year which the total profit realized or to be realized when the property is paid for bears to the total contract price....
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Reports of the Tax Court of the United States, Volume 56

United States. Tax Court - 1971
...PERSONAL PHOPBETT.— (1) IN GENERAL.—Under regulations prescribed by the Secretary or big delegate, a person who regularly sells or otherwise disposes...personal property on the Installment plan may return us Income therefrom In any taxable year tbat proportion of the Installment payments actually received...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1970
...personal property — (1) 1n general. Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...any taxable year that proportion of the installment payment* actually received in that year which the gross profit. realized or to be realized when payment...
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