Dot, an employee of Acme C Corporation, is not a shareholder. Which of the following would be included in a taxpayer’s gross income?

On January 1, Smith sold land to Baker for $100,000 cash plus a note for $200,000 plus adequate interest with a $30,000 principal payment due in the second year. Smith's basis in the property was $100,000. What is the amount of the gain recognized in the second year under the installment method?

Which of the following is taxable as gross income?

Which of the following costs is not included in inventory under the Uniform Capitalization rules for goods created by the taxpayer?

Which of the following costs are subject to the Uniform Capitalization Rules of Code Sec 263A for manufactured tangible personal property?

If a partnership’s business and financial operations are discontinued, would it be considered terminated for income tax purposes?