 The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as...  Reports of the Tax Court of the United States - Page 453by United States. Tax Court - 1955Full view - About this book
 | United States. Court of Claims - Law reports, digests, etc - 1924 - 792 pages
...the taxpayer, unless under methods of accounting permitted under subdivision (b) of section 212, any such amounts are to be properly accounted for as of a different period ; but — "(b) Does not include the following items, which shall be exempt from taxation under this title:... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1957 - 904 pages
...which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period. Treasury Regulations 111, § 19.42-2 (1940 Supp. CFR), promulgated under the Internal Revenue Code,... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - 1919 - 428 pages
...accrued," and "paid or incurred." All items of gross income shall be included in the gross income for the taxable year in which they are received by the taxpayer,...be properly accounted for as of a different period. For instance, in any case in which it w necessary to use an inventory, no accounting in regard to purchases... | |
 | New York (N.Y.). Tax Commission - Taxation - 1919 - 106 pages
...which received by the taxpayer, unless, under the methods of accounting permitted in this article, any such amounts are to be properly accounted for as of a different period ; but 2. Does not include the following items which shall be exempt from taxation under this article: a.... | |
 | Alabama - Law - 1919 - 1476 pages
...which received by the taxpayer, unless under the methods of accounting permitted in this 376 act any such amounts are to be properly accounted for as of a different period; but (2) does not include the following items which shall be exempt from income tax under this act; (a)... | |
 | Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...the taxpayer, unless, under methods of accounting permitted under subdivision (b) of section 212, any such amounts are to be properly accounted for as of a different period; but (b) Does not include the following items, which shall be exempt from taxation under this'title: (1)... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 pages
...unless, under methods of accounting permitted under subdivision (b) of Section 212 (par 46-47) any such amounts are to be properly accounted for as of a different period; but 50. (b) Does not include the following items, which shall be exempt from taxation under this title... | |
 | Henry Montefiore Powell - Corporations - 1919 - 708 pages
...incurred." (§ 350-6 of State law.) All items of gross income shall be included in the gross income for the taxable year in which they are received by the taxpayer, and deductions taken acordingly, unless in order clearly to reflect income such amounts are to be properly accounted for... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1048 pages
...all items of gross income shall be reported in the year in which they are received by the taxpayer u unless in order clearly to reflect income such amounts are to be accounted for as of a different period.12 Actual Receipts. The Revenue Act of 1918 intends primarily... | |
 | Income tax - 1920 - 188 pages
..." and " paid or incurred." All items of gross income shall be included in the gross income for the taxable year in which they are received by the taxpayer,...be properly accounted for as of a different period. For instance, in any case in which it is necessary to use an inventory, no accounting in regard to... | |
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