When items of income are omitted because the cost of the time and effort of the taxpayer to accumulate the information, it is an application of the

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The omission of income for administrative convenience is a practical application of the Administrative Convenience Concept, which recognizes that the cost of gathering and verifying income information may outweigh the benefit of taxing certain items of income. This is also known as the de minimis rule.

When Items of Income Are Omitted Because the Cost of the Time