Explain the rules regarding the income taxation of accident and health benefits.

Chapter 3 - Overview

Explain the meaning of the term "gross income."

Explain the doctrine of constructive receipt.

Explain the economic-benefit theory.

Explain the principle of assignment of income.

Explain the due dates for filing income tax returns.

Describe the pressure for revenues that led to the adoption of the 16th Amendment by Congress, and explain the Amendment's significance for modern tax law.

Describe the functions of the income tax system.

Describe the three basic sources of income tax law today, and explain the role played by each source.