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.
Definition of gross income: The amount by which sales revenue exceeds
production costs (cost of sales). Though operating income gives a more accurate
(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 in the Financial Dictionary - by Free online English
dictionary and encyclopedia. What is gross income? Meaning of gross income as
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 ...
Gross Income Defined. 26 CFR § 1.61-2: Compensation for services, including
fees, commissions, and similar items. (Also: ). Rev. Rul. 2007-19. PURPOSE.
Jun 28, 2016 ... Adjusted Gross Income is defined as gross income minus adjustments to income.
We suggest you refer to your 2014 federal income tax return ...