Gross income in United States income tax law is generally receipts and gains
from all sources. ... The term "income" is not defined in the statute or regulations.
1. An individual's total personal income, before accounting for taxes or
deductions. 2. A company's revenue minus cost of goods sold. Also called "gross
Gross income definition, Accounting. total revenue received before any
deductions or allowances, as for rent, cost of goods sold, taxes, etc. See more.
Jul 28, 2013 ... The concepts of gross and net income have different meanings, depending on
whether you are discussing a business or a wage earner.
(a) General definitionExcept as otherwise provided in this subtitle, gross income
means all income from whatever source derived, including (but not limited to) ...
Definition of gross income: The amount by which sales revenue exceeds
production costs (cost of sales). Though operating income gives a more accurate
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When preparing your tax return, you probably pay more attention to your taxable
income than your adjusted gross income (AGI). However, your AGI is also ...
Gross Income Defined. 26 CFR § 1.61-2: Compensation for services, including
fees, commissions, and similar items. (Also: ). Rev. Rul. 2007-19. PURPOSE.
1 : the total of all revenue or receipts usually for a given period except receipts or
returns of capital. 2 : all income derived from any source except for items ...