· Damages
o Section 104
· Dean v. Commissioner
o FMV of property used by taxpayer but owned by others = GI
· McDonell v. Commissioner
o Justifiable business perks = excludable from GI
· Cost basis of property
o Section 1012
· Cesarini v. U.S.
o Discovery = GI
· Discharge of debt
o Section 108
· Gross income
o Section 61
· Extraordinary medical expenses
o Section 213
· Commissioner v. Duberstein
o Look to donative intent and totality of circumstances to determine gift
· Gift and inheritance exclusion
o Section 102
· Old Colony Trust Co. v. Commissioner
o Discharge of debt, taxes paid by another = GI
· Charley v. Commissioner
o Travel credits that are converted to cash = GI
· Wolder v. Commissioner
o Receiving compensation for services in bequest = GI
· Crane v. Commissioner
o Debt relief = GI
· Commissioner v. Tufts
o Debt relief = GI
· Taft v. Bowers
o Straight carryover basis
· Raytheon v. Commissioner
o Goodwill minus basis = GI
· Raymon Gerard v. Commissioner
o Only the amount in excess of value enhancement is deductible as medical expense
· International Freighting Corp. v. Commissioner
o Conversion of stock/property = GI
· Commissioner v. Glenshaw Glass
o GI is ascension to wealth over which the taxpayer has complete dominion
· Determination and recognition of gain/loss
o Section 1001
· Employee fringe benefits
o Section 132
· Meals/lodging furnished by employer
o Section 119
· Annuity
o Section 72
· U.S. v. Kirby
o Discharge of debt = GI
· Personal exemption
o Section 151
· Hatt v. Commissioner
o Lodging elements:
§ Convenience of employer
§ On premises
§ Condition of employment
· Straight carryover basis gifts
o Section 1015
· Dependency exemption
o Section 151 Section 152
· Death benefits
o Section 101
· Loss exemption
o Section 1015
· Awards
o Section 74
· Modified carryover basis
o Section 1022 Repealed
· Zarin v. Commissioner
o Disputed discharge debt does not equal GI
· Commissioner v. Banks
o Attorneys fees included in GI
· Lyeth v. Hoey
o Settlement of will = exempt from GI
· Philadelphia Park Amusement Co. v. U.S.
o In taxable exchange, the FMV of the thing you receive is your cost
· Year 16th Amendment was ratified
o 1913
· Qualified scholarships
o Section 117
· Transfer between spouses and former spouses
o Section 1041
· Alimony and support payments
o Section 71
· Moving expenses
o Section 62, Section 217
· Adjusted gross income / Above the line deductions
o Section 62
· Farid-Es-Sultaneh v. Commissioner
o Bargain for exchange does not equal gift
· Helvering v. Independent Life Ins. Co.
o GI does not include use of your own property
· Standard deduction
o Section 63
US v. Davis
