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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... "
Revenue Revision 1927-28: Hearings Before the Committee on Ways and Means ... - Page 264
by United States. Congress. House. Committee on Ways and Means - 1927 - 1014 pages
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Laws of the State of New York, Volume 1

New York (State) - Session laws - 1935
...as follows: 358-a. Installment basis. 1. A taxpayer who regularly sells or otherwise disposes of personal property on the installment plan may return...payment is completed, bears to the total contract price. In the case (1) of a casual sale or other casual disposition of personal property (other than property...
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Cases Decided in the United States Court of Claims, Volume 80

United States. Court of Claims - Law reports, digests, etc - 1936
...sells or otherwise disposes of personal property on the installment plan may return as income tnerefrom in any taxable year that proportion of the installment...payment is completed, bears to the total contract price. In the case (1) of a casual sale or other casual disposition of personal property for a price exceeding...
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Report of the Joint Committee on Internal Revenue Taxation

United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927
...Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return...payment is completed, bears to the total contract price. In the case (1) of a casual sale or other casual disposition of personal property for a price exceeding...
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United States Congressional Serial Set

United States - 1928
...a taxpayer may report his income on the installment basis, at his option, and include in income the "proportion of the installment payments actually received...payment is completed bears to the total contract price." The regulations, based on the law and its legislative history, provide that in the period subsequent...
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Comparison of the Revenue Acts of 1926 and 1928: With Index

United States - Finance - 1928 - 247 pages
...Secretary, a person who regularly sells or otherwise disposes of personal property on the installment property on the installment plan may return as income...payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price....
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Reports of the U.S. Board of Tax Appeals, Volume 6

United States. Board of Tax Appeals - Taxation - 1928
...Commissioner with the approval of the Secretary, a person who regularly .sells or otherwise disposes of personal property on the installment plan may return...installment payments actually received in that year whicji the total profit realized or to be realized when the payment is completed, bears to the total...
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Reports of the U.S. Board of Tax Appeals, Volume 7

United States. Board of Tax Appeals - Taxation - 1928
...Commissioner with the approval of the Secretary, n person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom In any taxable year that proportioii of the installment payments actually received In that year which the total profit realized...
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Reports of the U.S. Board of Tax Appeals, Volume 15

United States. Board of Tax Appeals - Taxation - 1930
...are plain to the point of bluntness. It requires a taxpayer to return in any taxable year as income that proportion of the installment payments " actually...which the total profit realized or to be realized when payment is complete, bears to the total contract price. It is clear that if no installment payment...
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Reports of the U.S. Board of Tax Appeals, Volume 14

United States. Board of Tax Appeals - Taxation - 1930
...taxable year that proportion of the installment payments actually received in that year which the tola! profit realized or to be realized when the payment is completed, bears to the total contract price. In the case (1) of a casual sale or other casual disposition of personal property for a price exceeding...
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Cases Decided in the United States Court of Claims, Volume 70

United States. Court of Claims - Law reports, digests, etc - 1931
...commissioner with the approval of the secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return...payment is completed, bears to the total contract price. In the case (1) of a casual sale or other casual disposition of personal property for a price exceeding...
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