Irc Section 62

Reimbursements and other expense allowance arrangements.

Irc section 62. 62 a 2 a reimbursed expenses of employees the deductions allowed by part vi section 161 and following which consist of expenses paid or incurred by the taxpayer in connection with the performance by him of services as an employee under a reimbursement or other expense allowance arrangement with his employer. 31 1993 see section 13213 e of pub. For purposes of this subtitle the term adjusted gross income means in the case of an individual gross income minus the following deductions.

Internal revenue code 62. 30 1978 the application of sections 62 162 and 262 and chapters 21 23 and 24 of the internal revenue code of 1954 now 1986 to transportation expenses in traveling between a taxpayer s residence and place of work be determined without regard to revenue ruling 76 453 or any other regulation ruling or decision reaching the. Internal revenue code section 62 a 20 adjusted gross income defined.

105 206 set out as a note under section 1 of this title. Also 31 3121 a 31 3306 b 31 3401 a 301 7805 1 rev. For more detailed codes research information including annotations and citations please visit westlaw.

The deductions allowed by this chapter other than by part. 105 34 to which such amendment relates see section 6024 of pub. Section 62 a 2 a of the code and 1 62 2 b of the income tax regulations provide that for purposes of determining adjusted gross income an employee may deduct certain business expenses paid by the employee in connection with the performance of services as an employee under a reimbursement or.

Findlaw codes are provided courtesy of thomson reuters westlaw the industry leading online legal research system. 8 1978 92 stat. Section 2032a of the internal revenue code of 1986 relating to valuation of certain farm etc real property 2 section 6166 of such code relating to extension of time for payment of estate tax where estate consists largely of interest in closely held business.

Adjusted gross income defined on westlaw. Law section 61 of the code provides that gross income means all income from whatever source derived including compensation for services fees commissions fringe benefits and similar items. Effective date of 1989 amendment.