 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 3317by United States - 1953Full view - About this book
 | Administrative law - 1941 - 1688 pages
...*t 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 personality? In the case (1) of a casual sale or other casual disposition, of personal property (other... | |
 | Administrative law - 1939 - 1030 pages
...sustained.*t SEC. 44. 1NSTALLMENT 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. 1n the case (1) of a casual sale or other casual disposition of personal property (other... | |
 | United States. Board of Tax Appeals - Taxation - 1939 - 1702 pages
...'SEC. 44. INSTALLMENT BASIS. (a) Dealers in personal property. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...payment Is completed, bears to the total contract price. (h) Soles of realty and casual sales of personalty. — In the case (1) of a casual sale or other casual... | |
 | Administrative law - 1940 - 1806 pages
...44. Installment basts. — (a) Dealers in personal property. — Under regulations prescribed by the e taxpayer, which affidavit shall state that the taxpayer...refund of an amount equal to all or a portion of the t or the Installment payments actually received in that year which the gross profit realized or to be... | |
 | United States. Congress. Senate. Committee on Finance - Excess profits tax - 1940 - 512 pages
...Internal Revenue Code provides: "(a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner, with the approval of the Secretary,...is completed, bears to the total contract price." The purpose of thisi permissive provision is self-evident. It is intended to relieve companies selling... | |
 | United States. Tax Court - Law reports, digests, etc - 1954 - 1284 pages
...SEC. 44. INSTALLMENT BASIS. (a) DIALERS m PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...proportion of the Installment payments actually received In tliat year which the gross profit realized or to be realized when payment Is completed, bears to th«... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1955 - 1158 pages
...provides in part that under the installment basis, there is reportable as income in any taxable year only that proportion of the installment payments actually...payment is completed bears to the total contract price. In the instant case, the selling price is in excess of $1,000 ; the initial payment is less than 30... | |
 | United States. Tax Court - Law reports, digests, etc - 1956 - 1232 pages
...44. INSTALLMENT BASIS. (•) DEALCBS 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 • • • of a sale or other disposition of real property, If • * *... | |
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