 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...  Journal of Accountancy - Page 1391919Full view - About this book
 | United States. Court of Claims - 1930 - 854 pages
...be accounted for." "ARTICLE 52. When included in gross income. — Gains, profits, and income are to be included in the gross income for the taxable year in which they are received by the taxpayer unless they are included when they accrue to him in accordance with the approved method of accounting... | |
 | United States. Court of Claims - 1929 - 868 pages
...negatived by the language of the statute, section 213, supra, which provides that gains, profits, and income shall be included in the gross income for the taxable year in which received by the taxpayer. Plaintiff's contention is answered in the cases of Merchants Loan <&... | |
 | United States. Court of Claims - 1924 - 792 pages
...profit, or gains or profits and income derived from any source whatever. The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless under methods of accounting permitted under subdivision (b)... | |
 | Robert Hiester Montgomery - 1920 - 1304 pages
...clearly reflecting income. A method of accounting will not, however, be regarded as clearly reflecting income unless all items of gross income and all deductions are treated with reasonable consistency All items of gross income shall be included in the gross income for the taxable year in which they... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - 1919 - 640 pages
...543 and 631-638. fl 548. Art. 52. When included in gross income. — Gains, profits and income are to be included in the gross income for the taxable year in which they are received by the taxpayer, unless they are included when they accrue to him in accordance with the approved method of accounting... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...clearly reflecting income. A method of accounting will not, however, be regarded as clearly reflecting income unless all items of gross income and all deductions...are treated with reasonable consistency. See section 350 of the Tax Law for definitions of " paid," " paid or accrued " and " paid or incurred." All items... | |
 | George Edwin Holmes - 1919 - 1048 pages
...clearly reflecting income. The method of accounting will not, however, be regarded as clearly refleeting income, unless all items of gross income and all deductions are treated with reasonable consistency. The two systems cannot overlap; a taxpayer may not report in part on the accrual and in part on the... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...accounting will ordinarily be regarded as clearly reflecting income but no method will be so regarded unless all items of gross income and all deductions are treated with reasonable consistency. All items of gross income must be included in the return for the taxable year in which they are received... | |
 | Harris, Forbes & co., New York - 1919 - 164 pages
...profit, or gains or profits and income derived from any source whatever. nhe amount of all such items shall be included in the gross income for 'the taxable year in which received by the taxpayer, unless, uniler methods of accounting permitted under subdivision (b)... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...profit, or gains or profits and income derived from any source whatever. The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under the methods of accounting permitted in this article,... | |
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