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  2. Internal Revenue Code section 61 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Section 61 of the Internal Revenue Code (IRC 61, 26 U.S.C. § 61) defines "gross income," the starting point for determining which items of income are taxable for federal income tax purposes in the United States. Section 61 states that "[e]xcept as otherwise provided in this subtitle, gross income means all income from whatever source derived

  3. Internal Revenue Code - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code

    The text of the Internal Revenue Code as published in title 26 of the U.S. Code is virtually identical to the Internal Revenue Code as published in the various volumes of the United States Statutes at Large. [3] Of the 50 enacted titles, the Internal Revenue Code is the only volume that has been published in the form of a separate code.

  4. Cesarini v. United States - Wikipedia

    en.wikipedia.org/wiki/Cesarini_v._United_States

    The taxpayers asserted three arguments: (1) $4,467.00 is not includable in gross income under Internal Revenue Code section 61; [2] (2) Even if the money was gross income, it was due and owing in the year the piano was purchased, 1957, and by 1964 the statute of limitations provided by 26 U.S.C. Sec. 6501 [3] had elapsed; and (3) If the money ...

  5. Tax protester statutory arguments - Wikipedia

    en.wikipedia.org/wiki/Tax_protester_statutory...

    The official Internal Revenue Service web site contains references to specific code sections and case law, [43] including 26 U.S.C. § 6011 (duty to file returns in general); 26 U.S.C. § 6012 (duty to file income tax returns in particular); and 26 U.S.C. § 6151 (duty to pay tax at time return is required to be filed) [44] and 26 U.S.C. § 61 ...

  6. Category:Internal Revenue Code - Wikipedia

    en.wikipedia.org/wiki/Category:Internal_Revenue_Code

    Internal Revenue Code section 1; Internal Revenue Code section 61; Internal Revenue Code section 79; 26 USC 102(c) Internal Revenue Code section 132(a) Internal Revenue Code section 162(a) Section 179 depreciation deduction; Internal Revenue Code section 183; Internal Revenue Code section 212; Internal Revenue Code section 355; 401(a) 401(k ...

  7. Treasury regulations - Wikipedia

    en.wikipedia.org/wiki/Treasury_regulations

    Section 7805 of the Internal Revenue Code gives the United States Secretary of the Treasury the power to create the necessary rules and regulations for enforcing the Internal Revenue Code. [2] These regulations, including but not limited to the "Income Tax Regulations," are located in Title 26 of the Code of Federal Regulations, or "C.F.R ...

  8. Cancellation-of-debt income - Wikipedia

    en.wikipedia.org/wiki/Cancellation-of-debt_income

    A taxpayer is insolvent when their total liabilities exceed the fair market value of assets. [26] For example, if a taxpayer has $100,000 in liabilities, but only $50,000 in assets, they are considered insolvent under the Internal Revenue Code. Therefore, a cancellation of a $20,000 debt will not need to be reported as gross income.

  9. Claim of right doctrine - Wikipedia

    en.wikipedia.org/wiki/Claim_of_right_doctrine

    If a taxpayer ends up having to return the income recognized under the claim of right doctrine, then the taxpayer may receive a tax credit for that amount according to the Internal Revenue Code, if such a credit is a greater tax benefit than a deduction. [2]

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