Exclusions from Income: Items that are not Taxable
Overview:
IRC 61 sets the standard for what income in the US Tax systems is taxed. All of it. That is all of it, unless expressly excluded under the Internal Revenue Code. This webinar will go in-depth into IRC 61 and the most commonly excluded income. We will discuss how to identify the income and how to properly classify the income on the tax return.
Areas Covered in the Session :
- Difference between exclusions and deductions
- Life insurance
- Gifts
- Inheritances
- Tax-exempt Interest
- Personal Injury
- Prizes
- Awards
- Scholarships
- Education Savings Bond Premiums
- Other non-taxable income
Contact Info :
Compliance Key
https://www.compliancekey.us/
Email : support@compliancekey.us
Phone : +1 717-208-8666
Speaker and Presenter Information
Nick Preusch is a keynote Speaker in Compliance Key. Nick Preusch's primary focus is performing tax services for high wealth individuals and mid-to-large business entities. Nick's responsibilities include tax research related to complex business transactions and tax return preparation and review. He also works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation.
Relevant Government Agencies
Exclusions from Income
Event Type
Virtual
This event has no exhibitor/sponsor opportunities
When
Mon, Jul 6, 2020, 1:00pm - 2:00pm
ET
Cost
| Single Attendee: | $129.00 |
Website
Click here to visit event website
Organizer
Compliance Key
