 | United States. Tax Court - Law reports, digests, etc - 1959 - 1372 pages
...in which the initial payments do not exceed 30 per cent of the selling price, there may be returned as income therefrom in any taxable year that proportion...payment is completed, bears to the total contract price. •The corresponding provisions of tbe Internal Revenue Code of 1954 are found In Mction 453. It has... | |
 | Administrative law - 1960 - 608 pages
...— (a) Dealers in personal property, under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...(b) Sales of realty and casual sales of personalty — (1) General rule. Income from — (A) A sale or other disposition of real property, or (B) À casual... | |
 | Administrative law - 1961 - 566 pages
...— (a) Dealers in personal property. Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...(b) Sales of realty and casual sales of personalty — (1) General rule. Income from — (A) A sale or other disposition of real property, or (B) A casual... | |
 | United States. Tax Court - Taxation - 1964 - 1230 pages
...PROPERTY. — Under regulations prescribed by the Secretary or his delegate, a person who regularly sellg or otherwise disposes of personal property on the...completed, bears to the total contract price. (b) SALES or REALTY AND CASUAL SALES or PERSONALTY. — (1) GENERAL ROLE. — Income from — (A) a sale or other... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1964 - 1462 pages
...is made in the "carrying charge." Section 453 (a) of the Internal Revenue Code of 1954 provides that a person who regularly sells or otherwise disposes...proportion of the installment payments actually received in 723-*84°— 64 2 that year which the gross profit, realized when payment is completed, bears to the... | |
 | United States. Tax Court - Taxation - 1965 - 888 pages
...regulations prescribed by the Commissioner with the approval of tbe Secretary, a person who regularly Bella or otherwise disposes of personal property on the...gross profit realized or to be realized when payment la completed, bean to the total contract price. (b) SALES or REALTY AND CASUAL SALES OF PERSONALITY... | |
 | Administrative law - 1966 - 268 pages
...prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes oí personal property on the Installment plan may return...payment Is completed, bears to the total contract price. (2) Total contract price. For purposes of paragraph (1), the total contract price of all sales of personal... | |
 | United States. Tax Court - Taxation - 1967 - 748 pages
...Sivrotnry IT his delegate, a person who regularly sells or otherwise disposes of personal property on thi1 Installment plan may return as Income therefrom In...completed, bears to the total contract price. (b) SALES OP REALTY AND CASUAL SALES OF PERSONALTI. — (1) GENERAL RULE. — Income from — (A) a sale or other... | |
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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... 
