26 U.S.C. § 161
Allowance of deductions
In computing taxable income under section 63, 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).
Notes of Decisions
Cited in 73
cases (3 in the last 5 years), 1935–2025 · leading case: Comm'r v. Idaho Power Co., 418 U.S. 1 (1974).
Comm'r v. Idaho Power Co., 418 U.S. 1 (1974). “" He argues that § 263 takes precedence over § 167 by virtue of what he calls the "priority-ordering" terms (and what the taxpayer describes as "housekeeping" provisions) of § 161 of the Code, 26 U. S. C. § 161 , [6] and that sound principles of accounting and taxation mandate…”
Paul Snyder & Helen J. Snyder v. United States, 674 F.2d 1359 (10th Cir. 1982). “See 26 U.S.C. §§ 161 , 211, 261 (1976); Treas.”
DeBrabant v. Comm'r of Internal Revenue, 90 F.2d 433 (2d Cir. 1937). “838 ( 26 U.S.C.A. §§ 161 , 162 and notes), determine the person subject to taxation in the present case.”
Edward T. & Billie R. Pratt, William D. & Anita Pratt, Jack E. & Crystal A. Pratt v. Comm'r of Internal Revenue, 550 F.2d 1023 (5th Cir. 1977). “26 U.S.C. § 161 , et seq. and § 703(a). The partners are then required to report their respective distributive shares of “income, gain, loss, deduction, or credit income”.”
Encyclopaedia Britannica, Inc. v. Comm'r of Internal Revenue, 685 F.2d 212 (7th Cir. 1982). “,” but this is qualified (see 26 U.S.C. § 161 ) by section 263(a) of the Code, which forbids the immediate deduction of “capital expenditures” even if they are ordinary and necessary business expenses.”
Martin H. Fishman v. Comm'r of Internal Revenue, 837 F.2d 309 (7th Cir. 1988). “See also 26 U.S.C. § 161 ; Clark Oil & Ref. Corp. v.”
Trucks, Inc. v. United States, 234 F.3d 1340 (11th Cir. 2000). “Business Connection Test A reimbursement plan passes the business connection test if the expenses incurred are covered under 26 U.S.C. § 161 et seq. and they “are paid or incurred by the employee in connection with the performance of services as an employee of the employer.”
Road Materials, Inc. v. Comm'r of Internal Revenue, Comm'r of Internal Revenue v. Road Materials, Inc., 407 F.2d 1121 (4th Cir. 1969). “Code of 1954, §§ 161 and 166(a) (1) [ 26 U.S.C. §§ 161 and 166(a) (1) (1967)]. “Only a bona fide debt qualifies for purposes of section 166.”
United States v. Sherrill O. & Doris M. Woodall, Husband & Wife, United States of Am. v. Glenn S. & Margaret H. Mills, Husband & Wife, 255 F.2d 370 (10th Cir. 1958). “, Internal Revenue Code 1954, 26 U.S.C.A. § 161 et seq. We agree with the contention of the United States, that payments such as those received in these cases are income within the meaning of the Internal Revenue Code, and that the expenses incurred here are not expenditures for…”
E. W. Brown, Jr. & Gladys Slade Brown v. Comm'r of Internal Revenue, 215 F.2d 697 (5th Cir. 1954). “26 U.S.C.A. § 161 (a) (3). 7 . See Code of Federal Regulations, Cumulative Supplement, 1938-43, Title 26, Section 29.”
Comm'r of Internal Revenue v. Mildred Irene Siegel, 250 F.2d 339 (9th Cir. 1957). “The Court answered in the affirmative, holding that the widow was a beneficiary.”
Dominion Resources, Inc. v. United States, 48 F. Supp. 2d 527 (E.D. Va. 1999). “benefits are forestalled only until the property is used in a trade or business or otherwise disposed of.”
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