all events test


all events test
The test for determining the year in which an item of deduction for income tax purposes accrues, under which a tax is held to accrue when all events have occurred which fix the amount of the tax and determines the liability of the taxpayer to pay it. United States v Consolidated Edison Co. 366 US 380, 6 L Ed 2d 356, 81 S Ct 1326.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • All-events test — The all events test, under U.S. federal income tax law, is the requirement that all the events fixing an accrual method taxpayer s right to receive income or incur expense must occur before the taxpayer can report an item of income or expense. [… …   Wikipedia

  • all events test — For accrual method taxpayers, income is earned when: (1) all the events have occurred which fix the right to receive the income and (2) the amount can be determined with reasonable accuracy. Accrual of income cannot be postponed simply because a… …   Black's law dictionary

  • all events test — For accrual method taxpayers, income is earned when: (1) all the events have occurred which fix the right to receive the income and (2) the amount can be determined with reasonable accuracy. Accrual of income cannot be postponed simply because a… …   Black's law dictionary

  • Test cricket — A Test match between South Africa and England in January 2005. The men wearing black trousers on the far right are the umpires. Test cricket is played in traditional white clothes and with a red ball. Test cricket is the longest form of the sport …   Wikipedia

  • All Blacks — Neuseeland Spitzname(n) All Blacks Verband New Zealand Rugby Football Union Trainer …   Deutsch Wikipedia

  • Test Drive: Eve of Destruction — Developer(s) Monster Games Publisher(s) …   Wikipedia

  • All Saints Catholic Senior College — All Saints Catholic Senior College, is a co educational secondary school located at Casula, New South Wales, Australia. The school was founded in 1987.The school is an extension of All Saints Primary, All Saints Boys College and All Saints Girls… …   Wikipedia

  • Test fixture — refers to the fixed state used as a baseline for running tests in software testing. The purpose of a test fixture is to ensure that there is a well known and fixed environment in which tests are run so that results are repeatable. Some people… …   Wikipedia

  • Test automation — Compare with Manual testing. Test automation is the use of software to control the execution of tests, the comparison of actual outcomes to predicted outcomes, the setting up of test preconditions, and other test control and test reporting… …   Wikipedia

  • Test Readiness Program — The Test Readiness Program was a United States Government program established in 1963 to maintain the necessary technologies and infrastructure for the atmospheric testing of nuclear weapons, should the treaty which prohibited such testing be… …   Wikipedia