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Video instructions and help with filling out and completing 1040a form 2021 pdf
Good morning everyone this is med city cpa and i'm reading through the IRS publications i'm getting ready for the tax season here and i'm on publication for 0 1 2 december revisions December 2021 and I found this quick this income a quick reference guide examples of taxable income this is a pulled out of the publication 17 but this is a quick reference guide and the reason why I'm making video for this is that there's a lot of I guess examples of taxable income that people generally don't consider which is kind of interesting for example we have everyone kind of figures out oh I get a w-2 I get my wages salaries bonuses Commission's that's taxable income it's probably I don't depending on your situation but other things that are less common like discounts that's interesting employee Awards well that's more common fees okay that's Hobby income okay jury duty fees things like that yeah just a lot of tribal per capita payments I don't know kind of a lot of interesting examples of tax money come that gross friends friends know kind of interesting willies tidbits of learning about taxes and tax laws here's table B examples of non taxable income child support gifts Olympic and Paralympic Games medals and prizes you know there's exception to some of these got to read through all the instructions but kind of interesting things that a lot of people don't think about but I saw this this quick reference guide so I thought I'd make a quick video out of it hopefully this is helpful this is on page what page am I on about 59 the publication four zero one two and I'll include a link in the description below.