Why Form 8815 Deductions 2022-2023

Instructions and Help about Why Form 8815 Deductions

Oh and welcome to this session this is Professor Farhad and the session would look at adduction from and for AGI AGI stands for adjusted gross income we would also look at standard deduction so we're going to be looking at a concept and a very important term called standard deductions this this lecture will apply to any income tax course if you're studying for the CPA regulation and this applies to the new tax law as well as if you are studying to be in an enrolled agent before we start I would like to remind you that I would like to connect with my viewers which is you I'm very active on LinkedIn I do have a LinkedIn account please connect with me on LinkedIn if you're a Facebook user like my Facebook page or you could connect connect with me personally obviously you want to subscribe to my YouTube channel so this way you can see all my lectures and stay up to date this is what I house all my lectures I do have a Twitter account and obviously you can go to my website where things are organized by chapter so the first thing we're going to look at today is income how do we define income and we're gonna have a whole actually two chapters about this topic two chapters which we're gonna have maybe 10 to 15 different lectures but when we say income it includes all tax payer income both taxable and non-taxable think about income from a tax perspective as gross receipts from a business okay it does not include though any return of capital now return of capital and AC return of capital I say Roc return of capital assets that when you make an investment and someone is giving...