 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
 | Harris, Forbes & Co., New York - 1920 - 110 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,... | |
 | Irving National Bank, New York - 1920 - 150 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)... | |
 | United States - 1920 - 1064 pages
...profit, or gains or profits and income derived from an}- source whatever. The amount of all such items ng in this paragraph shall be construed as gi" year, and sai which received by the taxpayer, unless, under methods of accounting permitted under subdivision (b)... | |
 | United States. Internal Revenue Service - 1921 - 348 pages
...articles 543 and 631-638. 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... | |
 | United States. Bureau of Internal Revenue - 1921 - 772 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. * * * For the taxable year 1918, the true income, computed under the Revenue Act of 1918 and — where... | |
 | United States - 1921 - 642 pages
...source whatever. The amount of all such items (except as provided in subdivision (e) of section 201) 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)... | |
 | New York (State) - 1921 - 324 pages
...beneficiaries thereof, whether as distributed or as distributable shares. 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,... | |
 | Rex Frye - 1921 - 350 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)... | |
 | United States. Bureau of Internal Revenue - 1921 - 778 pages
...profit, or sains 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 amounting permitted under subdivision (b)... | |
 | National City Company - 1921 - 104 pages
...I whatever. 55 The amount of all such items [except as provided in subdivision (e) of Section 201] 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)... | |
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