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Publication 1544 Rev June Reporting Cash Payments of over $10,000 Received in a Trade or Business Form

Publication 1544 Rev June Reporting Cash Payments of over $10,000 Received in a Trade or Business Form

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there are so many nuances uh in the tax code there's so much you know to go over there's so many different things to learn and understand but one of the most important things that i think that everyone needs to know is the difference between gross income net income and taxable income because knowing the difference between all those is essential to anything tax related and just in general tax knowledge and that's exactly what we're going to go over today we're going to discuss the entire definition make it easy to understand what gross income is what net income is and what taxable income is first let's start with what gross income is and this is pretty actually easy to understand so gross income is the total income that you make before any taxes or before any deductions so the total amount that you make you know for here's some examples wages uh interest dividends capital gains whatever it may be all the income that you bring in in

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