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Theft losses - PowerPoint PPT Presentation

CHAPTER 3: MANAGING YOUR TAXES

CHAPTER 3: MANAGING YOUR TAXES . Principles of Federal Income Taxes. Typical American family pays more than one-third of its gross income in various types of taxes. Internal Revenue Service (IRS) is responsible for the administration and enforcement of federal tax laws.

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Which of the following are included in gross income and which are excluded?

Which of the following are included in gross income and which are excluded?. Prizes and awards Scholarships Alimony received Child support received Property settlements pursuant to divorce Employee fringe benefits Imputed Income Below market-rate loans Payment of expenses by others

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The Home Office

Breit Tax & Accounting Service, LLC. The Home Office. Requirements. The home office must be: Principal place of business, A place to meet with customers, and Related to your business, if the location is in a structure not attached to the home.

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FIN 200: Personal Finance

FIN 200: Personal Finance. Topic 6-Taxes Lawrence Schrenk, Instructor. Learning Objectives. Discuss the structure of personal taxes in the United States. ? Explain the role that tax considerations should play in financial decision-making Describe recent changes and new trends in Taxation.

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Theft losses - PowerPoint PPT Presentation

CHAPTER 3: MANAGING YOUR TAXES

Which of the following are included in gross income and which are excluded?

The Home Office

FIN 200: Personal Finance