 The amount of any item of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under the method of accounting used in computing taxable income, such amount is to be properly accounted for as...  Internal Revenue Cumulative Bulletin - Page 297by United States. Internal Revenue Service - 1979Full view - About this book
 | 1961 - 566 pages
...inclusion. SEC. 451. General rule for taxable year of inclusion — (a) General rule. The amount of any item of gross income shall be included in the...income, such amount is to be properly accounted for as of a different period. (b) Special rule in case of death. In the case of the death of a taxpayer whose... | |
 | United States, United States. Congress. Joint Committee on Internal Revenue Taxation - 1961 - 1208 pages
...subscription income. SEC. 451. GENERAL RULE FOR TAXABLE YEAR OF INCLUSION. (a) GENERAL RULE. — The amount of d in subsection (c) (4); (2) An individual and a corporation...or for such individual; (3) Two corporations more of a different period. (b) SPECIAL RULE IN CASE OF DEATH. — In the case of the death of a taxpayer... | |
 | United States. Internal Revenue Service - 1962 - 976 pages
...subscription income under the provisions of section 455, such income is includible in gross income for the taxable year in which received by the taxpayer, unless under the method or practice of accounting used in computing taxable income such amount is to be properly accounted... | |
 | United States. Congress. Joint Economic Committee - 1963 - 708 pages
...whatever source derived." Section 451(a) of the Internal Revenue Code of 1954 provides that the amount of any item of gross income shall be included in the...income, such amount is to be properly accounted for as of a different period. In North American Oil Consolidated v. Burnel (1932), 286 US 417, the "claim... | |
 | United States. Internal Revenue Service - 1963 - 1264 pages
...amount of any intern of income shall be included in gross income for the taxable year in which it is , of a iifferent period. Under section 461 of the Code, it is provided that, as a general rule, the amount... | |
 | United States. Tax Court - 1963 - 1190 pages
...provides : SEC. 451. GENERAL RULE FOR TAXABLE TEAR OP INCLUSION. (a) GENERAL RULE. — The amount of any Item of gross income shall be included In the gross Income for the taxable year In wblch received by the taxpayer, unless, under the method of accounting used In computing taxable income,... | |
 | United States. Tax Court - 1964 - 1230 pages
...method ; 'SEC. 451. GENERAL RULE FOR TAXABLE TEAR OF INCLUSION. (a) GENERAL RDLE. — The nmount of any Item of gross Income shall be Included In the...the taxpayer, unless, under the method of accounting need In computing taxable Income, such amount Is to be properly accounted for as of a different period.... | |
 | 1966 - 268 pages
...(a) General rule. The amount oí any item oí gross income shall be Included in the gross income ior the taxable year In which received by the taxpayer,...taxable Income, such amount Is to be properly accounted ior as of a different period. (b) Special rule in case of death. In the case of the death of a taxpayer... | |
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