 | United States. Tax Court - 1969 - 1192 էջ
...American Oil. * SEC. 453. INSTALLMENT METHOD. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Secretary or his delegate, a person...payments actually received In that year which the pros* profit, realized or to be realized when payment is completed, bears to the total contract price.... | |
 | United States. Tax Court - 1968 - 1066 էջ
...METHOD. (n) DEALERS IN PERSONAL PROPERTY. — (1) IN GENERAL. — Under regulations prescribed liy the Secretary or his delegate, a person who regularly...payments actually received in that year which the gross proflt. realized or to be realized when payment is completed, bears to the total contract price. ***•*•*... | |
 | United States. Internal Revenue Service - 1979 - 644 էջ
...370* dollars. LAW AND ANALYSIS Section 453 (a) (1) of the Code provides that a person who sells or disposes of personal property on the installment plan...the gross profit, realized or to be realized when the payment is completed, bears to the total contract price. Section 453 (b) of the Code provides that... | |
 | United States. Tax Court - 1971 - 1476 էջ
...regulations prescribed by the Secretary or his delegate, a person who • • • sells • • • property on the Installment plan may return as Income...the gross profit, realized or to be realized when pnyment Is completed, bears to the total contract price. • ••»••• (b) SALES OF REALTY... | |
 | United States. Tax Court - 1964 - 992 էջ
...of realization. Section 453, 1.RC 1954, provides in part as follows : SEC. 453. INSTALLMENT METHOD. any taxable year that proportion of the installment...payment Is completed, bears to the total contract price. (b) SALES op REALTY AND CASUAL SALES OF PERSONALTY. — (1) GENERAL RULE. — Income from — (A) a... | |
 | United States. Internal Revenue Service - 1972 - 624 էջ
...(a) ( 1 ) of the Code provides that, under regulations prescribed by the Secretary of the Treasury or his delegate, a person who regularly sells or otherwise...taxable year that proportion of the installment payments received in that year which the gross profit, realized or to be realized when payment is completed,... | |
 | United States. Tax Court - 1951 - 1074 էջ
...regulations prescribed by tbe Commissioner with the approval of tbe Secretary, a person who regularly sella or otherwise disposes of personal property on the...Installment payments actually received In that year whlcb the cross profit realized or to be realized when payment Is completed, bears to tbe total contract... | |
 | United States. Internal Revenue Service - 1974 - 624 էջ
...year do not exceed 30 percent of the selling price, the vendor may return as income from each sale in any taxable year that proportion of the installment...which the gross profit realized or to be realized when the property is paid for bears to the total contract price. Section 1.453-l(b)(l) of the regulations... | |
 | United States. Internal Revenue Service - 1978 - 630 էջ
...amended return attempting to revoke the election. Section 453 (a) of the Code provides, in part, that a person who regularly sells or otherwise disposes...may return as income therefrom in any taxable year a proportion of the installment payments actually received in each year. Section 453 (b) of the Code... | |
 | United States. Tax Court - 1956 - 1226 էջ
...PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes...Installment plan may return as Income therefrom In any Unable year that proportion of the Installment payments actually received In that year whlcb the gross... | |
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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... 
