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Client Tax Information Sheet Brookwood Tax Service

Client Tax Information Sheet Brookwood Tax Service

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welcome to the tax lair Pro income tax preparation course and this is module three we're going to go over part one of the income section for filing 2018 tax returns now I've broken up the income section because income is so broad we've broken it up into six parts and again this will be part one so here we are on page two of the 2018 1040 like I said in a previous module the 1040 has been scaled down quite a bit only 23 lines and we are here right now in this section and also we're going to talk about Schedule one additional income and adjustments didn't come all right gross income what's the definition of gross income we'll all compensation for personal services is considered to be gross income the form of payment is irrelevant if services are paid for in property then the property's fair market value at the time of the receipt is considered to be gross income income from self-employment is also included in gross income unreported compensation for example tips as part of gross income i

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