Home
Flashcards
Preview
IRC Flashcards.txt
Home
Get App
Take Quiz
Create
61
Gross Income
71-90
Specific income inclusions
101-114
Specific income exclusions
151
Dependents (qualifying child or relative)
102
Gifts and Inheritances
132
Fringe benefits
Cesarini v United States
If you find cash, it's included as ordinary income in the year you found it. (piano)
Old Colony Trust v Commissioner
If someone pays your tax due, that pmt should be included in your gross income.
Commissioner v Glenshaw Glass Co.
Punitive damages qualify as income
Dean v Commissioner
House transferred to company owned by Dean due to financial distress. FMV of rent to be included as income.
62
Identifies which dedcutions can be taked above the line
63
Taxable income defines
63(d)
Cannot duplicate above the line deductions below the line as itemized deductions
Author
Anonymous
ID
52658
Card Set
IRC Flashcards.txt
Description
TEST PJK
Updated
2010-12-01T18:37:13Z
Home
Flashcards
Preview