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: Commissioner v. Idaho Power Co.
Commissioner v. Idaho Power Co. (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 and Helen J. Snyder v. United States (1982)
“See 26 U.S.C. §§ 161 , 211, 261 (1976); Treas.”
DeBrabant v. Commissioner of Internal Revenue (1937)
“838 ( 26 U.S.C.A. §§ 161 , 162 and notes), determine the person subject to taxation in the present case.”
Edward T. And Billie R. Pratt, William D. And Anita Pratt, Jack E. And Crystal A. Pratt v. Commissioner of Internal Reve (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. Commissioner of Internal Revenue (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. Commissioner of Internal Revenue (1988)
“See also 26 U.S.C. § 161 ; Clark Oil & Ref. Corp. v.”
Trucks, Inc. v. United States (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. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Road Materials, Inc. (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. And Doris M. Woodall, Husband and Wife, United States of America v. Glenn S. And Margaret H (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. And Gladys Slade Brown v. Commissioner of Internal Revenue (1954)
“26 U.S.C.A. § 161 (a) (3). 7 . See Code of Federal Regulations, Cumulative Supplement, 1938-43, Title 26, Section 29.”
Commissioner of Internal Revenue v. Mildred Irene Siegel (1957)
“The Court answered in the affirmative, holding that the widow was a beneficiary.”
Dominion Resources, Inc. v. United States (1999)
“benefits are forestalled only until the property is used in a trade or business or otherwise disposed of.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.