Gross Income Exclusions and Inclusions (Cont’d)

Introduction	501
Compensation for Personal Services	502
Compensation Paid in Property or Services	503
Use of Company Car	504
Employer-Paid Insurance	505
Meals and Lodging Furnished to Employees	506
Moving Expenses	507
Contributions to Pension Plans	508
Pensions and Retirement Pay Received	509
Medical Reimbursement Plans	510
Dependent Care Assistance	511
Cafeteria Plans	511A
Death Benefits Paid By An Employer	512
Clergy’s Rental Allowance (Parsonage)	513
Members of the Armed Forces and Veterans	514
Government Employees and Action Volunteers	515
Alimony Payments – Ground Rules	516
Alimony Payments – Pre-’85 Rules	517A
Alimony Payments – Post ’84 Rules	517B
Rents and Royalties	518
Cancellation of a Debt	519
Compensation From Taxpayer’s Business	520
Other Income Items	521

Early Attempts at Income Taxation	101
The Present Income Tax Law	102
Introduction – General Principles – Definitions	103
Classification of Taxpayers	104
Purpose of the Income Tax Return – Withholding and Estimated Tax	105
Accounting Period -The Taxable Year	106
Accounting Methods	107
The Cash Basis	108
The Accrual Basis	109
Change in Accounting Method	110
When to File the Income Tax Return	111
Penalties	112
Installment Payment of Tax	112A
Where and How To File Manual and Electronic Filing	113
Who Must File a Return	114
Joint Return of Husband & Wife	115
Separate Return of Husband & Wife	116
Who is considered as “Married”?	117
Special Provision for Married Persons Living Apart	118
Minors	119
The Tax Return Forms and Schedules	120
Payment of the Tax	121
Section II
Introduction	122
Gross Income	123
Deductions from Gross Income	124
Adjusted Gross Income	125
Deductions from Adjusted Gross Income	126
Taxable Income	127
Tax Credits	128
The Filing Requirements for Special Taxpayers	129

Syllabus

Introduction	501
Compensation for Personal Services	502
Compensation Paid in Property or Services	503
Use of Company Car	504
Employer-Paid Insurance	505
Meals and Lodging Furnished to Employees	506
Moving Expenses	507
Contributions to Pension Plans	508
Pensions and Retirement Pay Received	509
Medical Reimbursement Plans	510
Dependent Care Assistance	511
Cafeteria Plans	511A
Death Benefits Paid By An Employer	512
Clergy’s Rental Allowance (Parsonage)	513
Members of the Armed Forces and Veterans	514
Government Employees and Action Volunteers	515
Alimony Payments – Ground Rules	516
Alimony Payments – Pre-’85 Rules	517A
Alimony Payments – Post ’84 Rules	517B
Rents and Royalties	518
Cancellation of a Debt	519
Compensation From Taxpayer’s Business	520
Other Income Items	521

Early Attempts at Income Taxation	101
The Present Income Tax Law	102
Introduction – General Principles – Definitions	103
Classification of Taxpayers	104
Purpose of the Income Tax Return – Withholding and Estimated Tax	105
Accounting Period -The Taxable Year	106
Accounting Methods	107
The Cash Basis	108
The Accrual Basis	109
Change in Accounting Method	110
When to File the Income Tax Return	111
Penalties	112
Installment Payment of Tax	112A
Where and How To File Manual and Electronic Filing	113
Who Must File a Return	114
Joint Return of Husband & Wife	115
Separate Return of Husband & Wife	116
Who is considered as “Married”?	117
Special Provision for Married Persons Living Apart	118
Minors	119
The Tax Return Forms and Schedules	120
Payment of the Tax	121
Section II
Introduction	122
Gross Income	123
Deductions from Gross Income	124
Adjusted Gross Income	125
Deductions from Adjusted Gross Income	126
Taxable Income	127
Tax Credits	128
The Filing Requirements for Special Taxpayers	129