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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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Investigation of Conglomerate Corporations: Hearings Before Antitrust ...

United States. Congress. House. Committee on the Judiciary. Subcommittee No. 5 - 1970
...amount of gain rcportable by him in any year will be that proportion of the payments received by him in that year which the gross profit, realized or to...payment is completed, bears to the total contract price. (f) There is no clear authority as to whether gain will be realized by an exchanging stockholder upon...
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The Code of Federal Regulations of the United States of America

1970
...property cm the Installment plan may return as Income therefrom In any taxable year that proportion oν the Installment payments actually received in that...gross profit. realized or to be realized when payment 1* completed, bears to the total contract price. (2) Total contract price. For purposes of paragraph...
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Reports of the United States Tax Court, Volume 63

United States. Tax Court - 1974
...PERSONAL PROPERTY — (1) IN GENERAL.— Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...price. * * * (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 United States Tax Court, Volume 80

United States. Tax Court - 1983
...PERSONAL PROPERTY. — (1) IN GENERAL. — Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...contract price. (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 United States Tax Court, Volume 83

United States. Tax Court - 1985
...PERSONAL PROPERTY.— (1) IN GENERAL. — Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...contract price. (b) SALES OF REALTY AND CASUAL SALES OP PERSONALTY. — (1) GENERAL RULE. — Income from — (A) a sale or other disposition of real property,...
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Reports of the United States Tax Court, Volume 56

United States. Tax Court - 1971
...PERSONAL PROPERTY. — (1) IN GENERAL. — Under regulations prescribed by the Secretary or bis delegate, a person who regularly sells or otherwise disposes...payment Is completed, bears to the total contract price. (2) TOTAL CONTRACT PRICE. — For purposes of paragraph (1), the total contract price of all sales...
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Reports of the United States Tax Court, Volume 89

United States. Tax Court - 1988
...PERSONAL PROPERTY.— (1) IN GENERAL.— Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...payment is completed, bears to the total contract price. (2) TOTAL CONTRACT PRICE.— For purposes of paragraph (1), the total contract price of all sales of...
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Reports of the United States Tax Court, Volume 87

United States. Tax Court - 1987
...PERSONAL PROPERTY.— (1) IN GENERAL.— Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...payment is completed, bears to the total contract price. installment sale, income need not be reported until payments are "actually received." The amount to...
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Reports of the United States Tax Court, Volume 71

United States. Tax Court - 1979
...income in keeping his books. 5SEC. 453(a). DEALERS IN PERSONAL PROPERTY. (1) IN GENERAL.— • • • a person who regularly sells or otherwise disposes...payment is completed, bears to the total contract price. (2) TOTAL CONTRACT PRICE.— For purposes of paragraph ( 1), the total contract price of all sales...
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The Code of Federal Regulations of the United States of America

1971
...personal property — (1) In general. Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...which the gross profit. realized or to be realized whta payment 1» completed, bears to the total contract price. (2) Total contract price. For purposes...
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