Taxable Income Archives - John R. Dundon II, Enrolled Agent

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13 Aug What $$ IS Taxable: IRS Publication 525

Posted at 00:00h in Barter, Gift Tax, Income, Tax Fraud, Tax Guidance & Preparation, Tax Problems & Requests, Tax Records, Taxable Income

I've been engaged in a running dialog with extraordinary nuances as to whether a loosely organized group of people are or are not fully recognizing taxable revenue from engagement in barter transactions with each other. The nuances inside this topic ranged from record keeping (as...

23 Feb What Income is Taxable? What Income is NOT Taxable? IRS Publication 525

Posted at 00:00h in Taxable Income

Generally, most income you receive is considered taxable but there are situations when certain types of income are partially taxed or not taxed at all. Â Examples of NON Taxable income include: Adoption Expense Reimbursements for qualifying expenses Child support payments Gifts, bequests and inheritances Workers' compensation...

19 Feb Gambling Winnings Are Taxable Income

Posted at 00:00h in Gamble

Gambling winnings are fully taxable and must be reported on your tax return. Gambling income includes â€“ but is not limited to â€“ winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes such as cars, houses,...

Taxable Income Tag

13 Aug What $$ IS Taxable: IRS Publication 525

23 Feb What Income is Taxable? What Income is NOT Taxable? IRS Publication 525

19 Feb Gambling Winnings Are Taxable Income

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