How is gross income defined for federal income tax purposes?

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Federal, State, Local and International Taxes - In general, the Internal Revenue Code (IRC) sweeps numerous items into gross income to provide that gross income is income from whatever source derived. Particular provisions of the IRC (and other federal statutes) operate to specifically include certain items in gross income; while other provisions of the IRC function to carve out specific exclusions from gross income.  For no obligation free consultation contact us today!ABA Tax Accountinginfo@abataxaccounting.com612-282-3200 866-936-0430 Toll Freehttp://www.abataxaccounting.comwww.abataxaccounting.wordpress.comwww.abatax81.blogspot.com