McGraw-Hill's Taxation of Individuals and Business Entities 2019 Edition
McGraw-Hill's Taxation of Individuals and Business Entities 2019 Edition
1st Edition
ISBN: 9781259918391
Author: Professor, Brian C. Spilker
Publisher: McGraw-Hill Education
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Chapter 4, Problem 4DQ

Why should a taxpayer be interested in the character of income received?

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What types of income should not be classified as such on a tax return? Why shouldn't they be considered as income?
What types of ordinary and statutory income do not constitute assessable income?
What is an assessment under the income tax assessment legislation? and why are assessments important?

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McGraw-Hill's Taxation of Individuals and Business Entities 2019 Edition

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Understanding U.S. Taxes; Author: Bechtel International Center/Stanford University;https://www.youtube.com/watch?v=QFrw0y08Oto;License: Standard Youtube License