This explains how the new law defines “income” using an inclusive approach rather than a fixed list. The key takeaway is that any real economic gain is taxable unless specifically ...

The issue is the absence of a precise statutory definition of income. Courts have expanded its meaning to cover all real economic gains unless specifically ...

Q. Your column last week mentioned that the new Cavanagh case changed the definition of income for purposes of calculating child support. What has changed? And is the court looking at the same income ...