 | United States - Law - 1928 - 1164 pages
...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... | |
 | United States - 1928 - 826 pages
...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... | |
 | United States - Finance - 1928 - 268 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.... | |
 | United States. Board of Tax Appeals - Taxation - 1928 - 1560 pages
...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... | |
 | Olin Winthrop Blackett - Labor - 1928 - 912 pages
...Regulations 74, is to the effect that in cases of installment sales "the vendor may return as income .... that proportion of the installment payments actually...the total profit realized or to be realized when the property is paid for bears to the total contract price." The definition of an installment sale of real... | |
 | United States. Board of Tax Appeals - Taxation - 1928 - 1582 pages
...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... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 592 pages
...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... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return...the installment payments actually received in that rear which the total profit realized or to be realized when the payment is completed, bears to the... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 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...installment payments actually received in that year * Previously the gain or loss was total collections minus profits previously returned. Depreciation... | |
 | Law - 1926 - 294 pages
...as income that proportion of the total cash received during the taxable year from instalment sales which the total profit realized or to be realized when the payment shall have been completed bears to the total contract price. This provision appears at first blush... | |
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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... 
