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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... "
United States Code - Page 3317
by United States - 1953
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Report of the Joint Committee on Internal Revenue Taxation

United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927
...be taken as of a different period. SEC. 44. INSTALLMENT SALES. Under regulations prescribed by the Commissioner with the approval of the Secretary, a...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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Revenue Revision 1927-28: Hearings Before the Committee on Ways and Means ...

United States. Congress. House. Committee on Ways and Means - Internal revenue - 1927 - 1014 pages
...approval of the Secretary, a person who sells or otherwise disposes of * * * property {whether real or personal property) on the installment plan may return...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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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...contract price. (b) Sales of realty and casual sales of personalty. — In the case (1) of a casual sale or other casual disposition of personal property (other...
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Reports of the U.S. Board of Tax Appeals, Volume 6

United States. Board of Tax Appeals - Taxation - 1928
...pertinent to the matter under consideration, provides as follows : Under regulations prescribed by the Commissioner with the approval of the Secretary, a...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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Regulations 74 Relating to the Income Tax Under the Revenue Act of 1928

United States. Internal Revenue Service - Income tax - 1931 - 491 pages
...SEC. 44. INSTALLMENT BASIS. (a) Dealers in personal property. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...contract price. (b) Sales of realty and casual sales of personalty. — In the case (1) of a casual sale or other casual disposition of personal property (other...
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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
...1208 of the revenue act of 1926 read as follows : "SEC. 212 (d). Under regulations prescribed by the commissioner with the approval of the secretary, a...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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Revenue Revision, 1932, Hearings ... Seventy-second Congress, 1st Session ...

United States. Congress. House. Committee on Ways and Means - 1932 - 1237 pages
...under the law while he lived. Section 44 (a) and (b), revenue act of 1928, provides: "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...
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Regulations 77 Relating to the Income Tax Under the Revenue Act of 1932

United States. Bureau of Internal Revenue, United States. Internal Revenue Service - Income tax - 1933 - 423 pages
...Dealers in personal property.—Under regulations prescribed by the Commissioner with the npproval of the Secretary, a person who regularly sells or...completed, bears to the total contract price. (b) Salss of realty and casual sales of personalty.—In the case (1) of a casual sale or other casual...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 288

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Law reports, digests, etc - 1933
...of the Commissioner does clearly reflect the income. . . . "(d) Under regulations prescribed by the Commissioner with the approval of the Secretary, a...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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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 288

United States. Supreme Court - Law reports, digests, etc - 1933
...of the Commissioner does clearly reflect the income. . . . "(d) Under regulations prescribed by the Commissioner with the approval of the Secretary, a...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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