[Code of Federal Regulations]
[Title 26, Volume 6]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.453A-0]

[Page 138]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.453A-0  Table of contents.

    This section lists the paragraphs and subparagraphs contained in 
Sec. Sec. 1.453A-1 through 1.453A-3.

  Sec. 1.453A-1 Installment method of reporting income by dealers in 
                           personal property.

    (a) In general.
    (b) Effect of security.
    (c) Definition of dealer, sale, and sale on the installment plan.
    (d) Installment plans.
    (1) Traditional installment plans.
    (2) Revolving credit plans.
    (e) Installment income of dealers in personal property.
    (1) In general.
    (2) Gross profit and total contract price.
    (3) Carrying changes not included in total contract price.
    (f) Other accounting methods.
    (g) Records.
    (h) Effective date.

   Sec. 1.453A-2 Treatment of revolving credit plans; taxable years 
                beginning on or before December 31, 1986.

    (a) In general.
    (b) Coordination with traditional installment plan.
    (c) Revolving credit plans.
    (d) Effective date.

  Sec. 1.453A-3 Requirements for adoption of or change to installment 
                 method by dealers in personal property.

    (a) In general.
    (b) Time and manner of electing installment method reporting.
    (1) Time for election.
    (2) Adoption of installation method.
    (3) Change to installment method.
    (4) Deemed elections.
    (c) Consent.
    (d) Cut-off method for amounts previously accrued.
    (e) Effective date.

[T.D. 8270, 54 FR 46376, Nov. 3, 1989]