 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 38by United States, United States. Congress. House. Committee on Ways and Means - 1936 - 290 pagesFull view - About this book
 | United States. Congress. Senate. Committee on Finance - 1932 - 1476 pages
...under the law while he lived. Section 44 (a) and (b), revenue act of 1928, provides that: The taxpayer may return as income therefrom in any taxable year...payment is completed, bears to the total contract price. It is discriminatory inasmuch as it imposes an income tax on an involuntary transmission of property... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 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... | |
 | United States. Board of Tax Appeals - 1934 - 1512 pages
...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.... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 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... | |
 | United States. Internal Revenue Service - 1936 - 604 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... | |
 | United States. Board of Tax Appeals - 1936 - 1468 pages
...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... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 780 pages
...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... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 1104 pages
...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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