 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...  Reports of the United States Tax Court - Page 52by United States. Tax Court - 1970Full view - About this book
 | New York (State) - Session laws - 1935 - 1272 pages
...disposes of personal property on the installment plan may return as income therefrom 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 payment is completed, bears to the total contract... | |
 | Philippines - Law - 1986 - 492 pages
...disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year which the gross 3756 OFFICIAL GAZETTE 3757 profit realized or to be realized when payment is completed, bears to the... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...disposes of personal property on the installment plan may return as income therefrom 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 payment is completed, bears to the total contract... | |
 | Nathan William MacChesney - Real estate business - 1927 - 960 pages
...installment sale the statute provides that the taxpayer "may return as income therefrom 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 payment is completed bears to the total contract price."... | |
 | United States. Congress. House. Committee on Ways and Means - Internal revenue - 1927 - 1034 pages
...real or personal property) on the installment plan may return as income therefrom 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 payment is completed bears to the total contract price.... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...disposes of personal property on the installment plan may return as income therefrom 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 payment is completed, bears to the total contract... | |
 | New York (State). Legislature - New York (State) - 1927 - 892 pages
...as income that proportion of installment payments actually received in taxable year which the total profit realized or to be realized when payment is completed, bears to total contract price, and relative to casual sales of personal property or to sale of real property.... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1927 - 1032 pages
...otherwise disposes of property on the Installment plan may return as income therefrom in any taxable year that proportion of the Installment payments actually received in that year which ine total profit realized or to be realized when the payment is completed, bears to the total contract... | |
 | New York (State). State Tax Commission - Finance, Public - 1928 - 706 pages
...disposes of personal property on the installment plan may return as income therefrom 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 payment is completed, bears to the total contract... | |
 | New York (State). Legislature - New York (State) - 1928 - 1122 pages
...disposes of personal property on the installment plan may return as income therefrom 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 payment is completed, bears to the total contract... | |
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