NOTE: This paper is an unfinished work of William D. Andrews, who was the Eli Goldston Professor of Law at Harvard Law School and a premier tax scholar of his generation. This substantial but not fully completed manuscript was found among his papers after his death on May 20, 2017. It examines...

Income in kind -- Compensation for losses -- Gifts and kindred items -- Capital appreciation -- Return of capital and timing issues -- Receipts subject to offsetting liabilities -- Tax expenditures : state and municipal bond interest -- Deductions, credits, and computation of tax -- Interest,...