...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...

...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...

...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...

...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...

...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...

...'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...

...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...

...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...

...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...

...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. ***•*•*...