1040 Exam Prep Module III: Items Excluded from Gross Income by Norma Wahnon
Approx. 7,940 words.
Published on December 15, 2011.
Module III of the 1040 Exam Prep e-Books Series presents a description and analysis of the most common elements taxpayers have to report as income and their corresponding tax treatment. As a general rule, all types of income are taxable unless they are specifically exempted by law.