Learning Resources

USC Title 26 - Internal Revenue Code

• Tax Tables - 26 U.S. Code § 1 - Tax imposed 

• What is Gross Income? 26 U.S. Code Part I - Definition of Gross Income, Adjusted Gross Income, Taxable Income, Etc. 

  • "gross income means all income from whatever source derived" unless specifically excluded.

  • Items Specifically Included in Gross Income 26 USC Part II

  • Items Specifically Excluded from Gross Income - 26 USC Part III 

• Personal Exemptions  26 U.S. Code § 151 - Allowance of deductions for personal exemptions

• Itemized Deductions 26 U.S. Code Part VI and 26 U.S. Code Part VII

  • "there shall be allowed as deductions the items specified in this part, subject to the exceptions provided in part IX (sec. 261 and following, relating to items not deductible)."

• Items Specifically Not Deductible 26 U.S. Code Part IX

• Partners and Partnerships 26 U.S. Code Subchapter K 

• Tax Treatment of S Corporations and Their Shareholders  26 U.S. Code Subchapter S

• Gain or Loss on Disposition of Property  26 U.S. Code Subchapter O

  • Nontaxable Exchanges

    • § 1031 - Exchange 26 U.S. Code § 1031 - Exchange of real property held for productive use or investment

• Capital Gains & Losses 26 USC Subchapter P

• Definitions

  • Taxable Income 26 U.S. Code § 63

  • Filing Status 26 U.S. Code § 2

  • Dependent 26 USC § 152

Discussion of Tax 

Discussion of Tax 

Discussion of Tax 

Discussion of Tax 

Discussion of Tax 

Discussion of Tax