Tax Code Section 61

Section 61 a of the internal revenue code defines gross income as income from whatever source derived including but not limited to compensation for services including fees commissions fringe benefits and similar items i r c.

Tax code section 61. 3097 as amended by pub. Read the code on findlaw. 2095 provided that no regulations be issued in final form on or after oct.

Other official tax guidance. Except as otherwise provided in this subtitle gross income means all income from whatever source derived including but not limited to the following items. Part 0 5 implementation of article xiii a of the california constitution.

1 1977 and before july 1 1978 providing for inclusion of any fringe benefit in gross income by reason of section 61 of the internal revenue code of 1986 formerly i r c. In addition to participating in the promulgation of treasury tax regulations the irs publishes a regular series of other forms of official tax guidance including revenue rulings revenue procedures notices and announcements see understanding irs guidance a brief primer for more information about official irs guidance versus non precedential rulings or advice. 61 defines gross income the starting point for determining which items of income are taxable for federal income tax purposes in the united states.

22 1986 100 stat. 8 1978 pursuant to section 210 a of that act. California revenue and taxation code rtc ca rev tax section 61.

For purposes of further illustration 1 61 14 mentions several miscellaneous items of gross income not listed specifically in section 61. For purposes of subsection a the term fringe benefit regulation means a regulation providing for the inclusion of any fringe benefit in gross income by reason of section 61 of the internal revenue code of 1986 formerly i r c. Division 1 property taxation.

8 1978 92 stat. California revenue and taxation code section 61 ca rev tax code 61 2017 except as otherwise provided in section 62 change in ownership as defined in section 60 includes but is not limited to. 61 a 1 compensation for services including fees commissions fringe benefits and similar items.