IRC sec. 61 defines gross income as all income from whatever source derived including but...
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Accounting
IRC sec. 61 defines gross income as all income from whatever source derived including but not limited to the following items... Which of the following statements is not true?
A.
certain items are specifically excluded from income
B.
all of the above
C.
the courts have interpreted the statute to include constructive receipt of income
D.
the definition is broad enough to cover both cash and barter transactions
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