 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...  Legislative Calendar - Page 24by United States. Congress. Senate. Committee on Finance - 1939Full view - About this book
 | United States. Tax Court - 1972 - 1166 pages
...PERSONAL PROPERTY. — (1) IN GENERAL. — Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...Installment payments actually received In that year which tbe gross profit, realized or to be realized when payment Is completed, bears to the total contract... | |
 | 1973 - 384 pages
...general. Under regulations prescribed by the Secretary or his delegate, a person who regularly selle or otherwise disposes of personal property on the...payments actually received in that year which the prosa profit, realized or to be realized when payment is completed, bears to the total contract price.... | |
 | 1975 - 398 pages
...general. Under regulations prescribed by the Secretary or his delegate, a person who regularly Rclis or otherwise disposes of personal property on the...gross profit, realized or to be realized when payment la completed, bears to the total contract price. (2) Total contract price. For purposes of paragraph... | |
 | 1975 - 396 pages
...prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposée oí personal property on the installment plan may return...gross profit, realized or to be realized when payment 1л completed, bears to the total contract prie«. (3) Total contract price. For purpose« of paragraph... | |
 | 1968 - 348 pages
...personal property — (1) In general. Under regulations prescribed by the Secretary or his delegate, a person who regularly sells or otherwise disposes...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 - 1977 - 1100 pages
...INSTALLMENT METHOD. (a) DEALERS IN PERSONAL PROPERTY.— (1) IN GENERAL. — Under regulations prescribed by the Secretary, a person who regularly sells or otherwise...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... | |
 | United States - 1939 - 780 pages
...SEC. 44. INSTALLMENT BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a...the installment plan may return as income therefrom m any taxable year that proportion of the installment payments actually received in that year which... | |
 | Glenn R. Carrington - 2007 - 744 pages
...correct, the Service noted that, under Code §453A(a)(l), dealers in personal property who regularly sell personal property on the installment plan may return...payment is completed, bears to the total contract price. Looking to Reg. §1.1502-17, the Service determined that P did not regularly sell personal property... | |
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